The investment is estimated at over EUR5.6 million and includes an 11-storey building, which will host 94 two and three-room apartments.
“We are starting, alongside our partner Nusco Imobiliara, an ample project covering approximately 5,500 useful square meters, which consists of an 11-storey residential building and two underground levels, part of one of the leading residential compounds in eastern Bucharest”, said Costin Schmidt, commercial director at Electrogrup.
The project is located in Bucharest’s district 2, with easy access from Soseaua Pantelimon roadway and in the vicinity of Mega Mall and the National Arena. It will also include exterior features consisting of green spaces and additional parking spaces.
Two phases of the project, with 380 apartments delivered until 2019, have been developed to date, and the residential compound will include 94 more apartments, in the newest building due to be completed in approximately one year, according to company data.
“In 2020, we shall complete the last phase of the CITTA’ Residential Park compound and launch a new ample project, with over 500 apartments, in norther Bucharest”, said Nusco Imobiliara President, Michele Nusco.
Electrogrup has developed, as General Entrepreneur, complex projects in several construction sectors, in Romania and abroad, in countries like Germany, Poland, Belgium and The Netherlands.
Nusco Imobiliara is one of the largest real estate operators in Romania.