Adama put Bog’Art in charge of the construction work on the apartment buildings, scheduled for completion next fall, said the representatives of the builder owned by businessman Raul Doicescu.
Adama, which has developed about 1,500 apartments on the local market so far, continues two projects it had worked on before. The investments in the two apartment buildings might amount to about EUR5 million to EUR6 million, not counting the cost of the land, according to ZF’s calculations.
Optima project already has an 83-apartment building completed, about only 10 of which are still available. Edenia comprises two buildings with 220 apartments, all of which were sold.
The company officials did not provide any information about the prices of the apartments to be built, merely saying they would be set and announced in about a month.
The new buildings will include studios and two and three-room apartments, but mostly two-room units, which are in highest demand now partly because they are within the financing cap of the government-backed ‘First Home’ scheme.
(English version by Loredana Fratila-Cristescu)