Construction is set to start in August and the investment amounts to EUR16 million. The developer said over 35% of the units have already been sold.
The residential project will be built on a land of 2,200 square meters and will include 35 apartments between 90 and 220 sqm, as well as duplexes of up to 440 sqm.
The developer announced recently it received an urban planning permit in view of restoration works on the Stirbey Palace, a historical monument in downtown Bucharest. The developer has allocated a budget of EUR20 million for restoration works and the rebuilding of an annex that used to store horse carriages.