The project started being developed by football coach Cosmin Olaroiu and his business partner, Roxana Tanase, and will be relaunched under Hagag brand, with the commercial name of “He East Residence”.
The housing compound is located on a land plot of over 17,500 square meters and is developed in two phases.
Hagag has an over EUR200 million portfolio in Romania.
The company plans investments of almost EUR200 million, to which another EUR100 million are likely to be added for new acquisitions and future developments.
(English version by Catalina Apostoiu)