Investments in the project are expected to reach EUR90 million, in line with data released by real estate consultancy Cushman & Wakefield Echinox. The compound will comprise 5 blocks set to be built in a single phase, scheduled for completion in October 2025.
“(…) 2023 has been a balanced year for the real estate market. In 2024 there will be some changes as the year is likely to be dominated by political upheaval, which could halt or slow down the significant reforms the Romanian economy needs to stay competitive on the long term,” says Laurentiu Afrasine, Akcent Development CEO.
Akcent Development’s portfolio consists of over 12,000 apartments completed, among which 19th Residence, 20th Residence, 21Residence Politehnica, Exigent One and Exigent Two, Plaza Residence (1-4 phases), Cloud9 Residence etc. The office space segment includes the projects Mendeleev Office 5, Eminescu Offices, Rosetti Tower and Oscar One.
(English version by Catalina Apostoiu)