“This month we are finishing the third project in Bucharest a premium compound in the Aviatiei area, which benefits from modern architecture, efficient layouts, inner courtyard for residents only and 300 underground parking spaces,” said Antoanela Comsa, general manager of Gran Via Romania.

The residential compound consists of 291 studios, one and two bedroom apartments in four six-storey buildings surrounding an inner courtyard of 1,000 square meters.

The land on which the residential compound is located has an area of approximately 10,000 sqm and was part of the industrial platform of the former Baneasa bread factory. The Spanish developer bought the plot in 2015.

The Aviatiei area in northern Bucharest has attracted a series of residential investments in recent years following office developments in the area.

Gran Via has been operating in Romania for 15 years and specialists in converting former industrial land into residential areas. So far, its has completed 1,500 apartments in projects Gran Via Park and Timisoara 58 in Bucharest.

In Constanta, the developer is building Gran Via Marina, an investment of EUR60 million which should be completed in 2023.