The compound, located in Bucharest, includes 77 apartments, while prices start from EUR85,000 for a two-room apartment, VAT included. The most expensive apartment costs EUR309,000, VAT included, and is a three-room penthouse.
According to Adama representatives, investments in an Evocasa Selecta apartment may trigger an annual yield of up to 6%.
Adama is present in Romania, Moldova, Ukraine and Turkey. It has so far built over 1,650 apartments, out of which over 1,100 were already sold, as well as retail spaces and office buildings in several real estate projects developed in Bucharest, Ploiesti, Bacau, Brasov, Iasi and Cluj..
Austrian group Immofinanz, one of the most active realty investors in Romania, became sole shareholder of Adama in November 2011, after buying out the other shareholders for a total EUR42.43 million.