The project consists of seven blocks with 1,194 apartments and 1,217 parking spaces and the investment is estimated at almost EUR70 million, being backed from own sources ad bank loans, according to company officials.
The project, the 6th largest in the eastern part of Bucharest, is located almost 500 meters from the Nicolae Teclu metro station, in the proximity of Pallady commercial area, and is due for completion in September 2025.
“To date, the projects launched have created a community of more than 25,000 inhabitants. In line with our growth strategy, we continue to finalize more than 1,000 apartments per year”, said Ionut Negoita, the founder and CEO of HILS Development.
In June 2023, the developer exceeded the 10,000 threshold of housing units built and sold, with the projects finalized, namely, HILS Pallady (1,908 apartments), HILS Brauner (1,336 apartments) and HILS Splai (111 apartments), plus the following projects under development, namely, HILS Republica with 370 apartments, in Phase I, of a total 5,000 housing units of the entire project, HILS Sunrise with 704 apartments and, the most recent, HILS Titanium, with 1,194 apartments.
In 2024, HILS Development has other 5,000 dwellings under design and licensing process.