The Laminorului property was acquired in February 2019 and is part of the four land plots in northern Bucharest where Cordia plans to develop medium and medium-high residential projects, said Mauricio Mesa Gomez, country manager for Romania.
Cordia Romanai oficials said in March the company plans to invest EUR100 million in medium and medium-high real estate projects on four land plots in northern Bucharest that have a total area of 8 hectares.
Cordia Romania is also investing EUR40 million in the residential project Parcului20 over the next three years on a land of 15,000 square meters located near Romexpo Exhibition Center in Bucharest.