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ASMITA

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Residential Project Asmita Gardens Still 40% Unsold
Real Estate

Residential Project Asmita Gardens Still 40% Unsold

Over 40% of the apartments in the residential compound Asmita Gardens in Bucharest, under insolvency, are still unsold six years since the compound was open and the average sale rate this year was four apartments per month.

Oana Gavrila · 03.07.2014 · 12:06 · 1 min
Asmita Judicial Administrator Sold Apartments For EUR10.2M In Two Years
Real Estate

Asmita Judicial Administrator Sold Apartments For EUR10.2M In Two Years

The judicial administrator of residential compound Asmita Gardens said Monday it sold 113 apartments for a total EUR10.2 million in two years.

Oana Gavrila · 11.11.2013 · 11:49 · 1 min
Asmita Gardens Sells 21 Apartments In April
Real Estate

Asmita Gardens Sells 21 Apartments In April

The court-appointed administrator of insolvent Asmita Gardens, Bucharest’s largest residential compound, said Wednesday it sold 21 apartments in April for EUR2.5 million.

Ioana Tudor · 22.05.2013 · 11:44 · 1 min
Insolvent Asmita Gardens To Be Reorganized, Creditor Alpha Bank Loses At Least EUR15M
Banks-Insurance

Insolvent Asmita Gardens To Be Reorganized, Creditor Alpha Bank Loses At Least EUR15M

The creditors of Asmita Gardens, one of Bucharest’s largest residential compounds, have approved its reorganization plan, which states that the main creditor, Alpha Bank Romania, will recove...

Ioana Tudor · 05.09.2012 · 18:44 · 1 min
Bucharest’s Asmita Gardens To Be Officially Inaugurated Thursday
Real Estate

Bucharest’s Asmita Gardens To Be Officially Inaugurated Thursday

Residential compound Asmita Gardens in Bucharest is entirely operational and will be officially inaugurated Thursday, more than two years after construction works were finished.

Ioana Tudor · 06.06.2012 · 16:38 · 1 min
The Story Of The Biggest Insolvency In Real Estate
Real Estate

The Story Of The Biggest Insolvency In Real Estate

In 2007, developers of the Asmita Gardens in Bucharest sold one apartment per day, although the seven towers were not finalized yet. However, in the last seven months, with the blocks finali...

Cristi Moga · 10.11.2011 · 00:00 · 4 min