The two received one of their zoning permits for the Moghioros Park Residence project in April, according to publicly available information.
“We sold the land to a company looking to build a hospital and a residential project in December 2016. The company owns clinics in Bucharest and the metropolitan area,” says Antoanela Comsa, general manager of real estate developer Gran Via, the former owner of the former Tricodava plant site.
The developer of the Moghioros Park Residence is Sido Union Properties, held by Waref Rom – 75% and Hassanain Mohamed – 25%, according to Trade Registry data. Waref Rom’s owners are Saddiq Omar H. Abu Seedo (95%) and Select Nutricomb Crevedia of Saddiq Omar H. Abu Seedo.
The Moghioros Park Residence website says the first five buildings of the 11 11-story buildings will be completed in 18 months from the start of the construction work and delivered at the end of 2018. The second phase will include six buildings scheduled for completion at the end of 2019.
Moghioros Park Residence officials did not return ZF’s calls for comment on the investment, the funding sources or any other potential projects.
(English version by Loredana Fratila-Cristescu)