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Investment
Residential
Location
Bucharest, Romania
Size
Over 30.000 sqm
Acquisition
August 2009
Transaction Value
€ 36 MM (projected)
Investment Description
Property located in a desirable residential district close to retail shops, a metro station, and Titan park, 4km South East of the city center
Site area is 6,240 sq meters and the expected zoning to be awarded to the project will enable a gross buildable area of 31,200 sq meters. This area translates to 365 apartments and 465 parking spaces
Project will be developed in 2 equal phases to minimize risk
Progress
The Project received zoning approval and architectural designs are completed. Construction is due to commence in January 2011
