The project is located in the vicinity of the Mihai Bravu metro station on a total area of 7,000 square meters. With stage two completed, the project consists of three apartment buildings with a total of 320 units for rent.
The total investment in the project amounts to over EUR20 million.
“The rent for a studio flat starts from EUR350/months and from EUR450/month for two-room apartments. Lease contracts are signed for a minimum of 12 months,” said Kim Vranceanu, CEO of Bucharest Properties.
All housing units completed in stage two are furnished and have individual heating and air conditioning systems.
The first stage of the project was launched in 2016 and entailed an investment of EUR10 million. The project has an average occupancy rate of 90% and around one quarter of tenants have been living in the compound since it opened.