“The first project was raised on a 10,000-sqm land plot and the second one is double and better positioned. We will build around 30 units, but with bigger areas and larger gardens”.
The company in 2021 launched its first housing project, namely 25 houses in Corbeanca, in an investment of around EUR2.8 million.
The company also submitted documents for a PUZ on a land plot in Pantelimon-Faur area of eastern Bucharest, but it hasn’t decided yet whether to build a 600-housing unit compound or sell it.
The land currently hosts a logistic facility of the company, but Delta is carrying out a EUR10 million investment to relocate its logistic needs to a new 25,000-sqm center near Bucharest.
For these developer ambitions, the company’s shareholders have founded Delta Studio Properties, controlled by Bonea family and Tudor Cartianu.
Delta Studio saw turnover hit RON105 million in 2021, up around 11% from 2020. For the first three months of 2022, the company posted a 30% increase and the entrepreneur hopes to end the year with growth of at least 25%. The company has 200 employees on the main business and another 80 in a furniture plant in Piatra Neamt.
(English version by Catalina Apostoiu)