The new project called Stellaris Residencias will comprise 482 apartments and will be delivered in four phases.
Construction works on the first phase, which will deliver 129 apartments in a 11-storey block, are due for completion in the last quarter of 2024.
The future complex will be located on a 11,000-sqm plot of land and over 60% of the area will consist of green and leisure spaces. It will also have 627 underground parking lots and over 1,800 sqm of retail spaces.
Hercesa Romania has been operating in Romania for over 18 years and has delivered more than 900 apartments in the Vivenda Residencias project. Also, Hercesa rehabilitated the building of Hotel Cismigiu and the Gambrinus Beer House & Pub in downtown Bucharest.
Hercesa started its activity in 1975 in Spain, by developing several real estate projects in the residential, industrial and services sectors. During a period of over 45 years of experience in the real estate sector, Hercesa has developed and delivered over 27,000 apartments within more than 200 residential projects in Spain and countries such as Portugal, Romania, Mexico, Ecuador, Panama, Maroc, Bulgaria and the Czech Republic.