The Spanish group in late 2014 sold to a group of Romanian investors around two thirds of the 18,000-sqm land lot of former bakery plant Spicul in a deal valued at EUR5-6 million and is likely to sell another land plot this year.
“The strategy for this year envisages the sale of another asset, but we haven’t decided which one, yet,” said Mauricio Mesa Gomez, general manager of Hercesa Romania.
Hercesa plans to start building a new 60-apartment block within Vivenda project this June. Another investment likely to be launched this year is an office building close to Piata Unirii for which the Spanish-held company is trying to sign a pre-rental contract for 40-50% of the 6,000-sqm spaces.
The more advanced project is the third stage of development at Vivenda, about which Hercesa official says it is likely to involve total investments of around EUR14 million.
Factors encouraging Hercesa head to resume housing investments after a five-year break include clients’ mounting confidence, leu falling interest rates and banks’ rising interest in funding both apartment purchases and the development of new projects.
In this context, Mauricio Gomez says he will work with banks for the future development stage at Vivenda.
(English version by Catalina Apostoiu)