The residential compound will be built through a joint venture partnership with Avantgarden Immo Invest and will be named Coresi Avantgarden.
Coresi Avantgarden will include three types of housing units: studio flats, two and three-room apartments. A lot of 150 apartments will be finalized in a first phase and construction works are due to start between March and April 2016.
This is the third stage of the Coresi project. The first stage entailed investments in a shopping center opened in March and the second stage targets its expansion. Coresi is developed on the former Tractorul platform in Brasov, on a land of 100 hectares.
Immochan Romania has four business lines: the development of real estate projects in partnership with Auchan hypermarkets; leasing for commercial galleries and retail parks; property management activities for commercial galleries and the capitalization of properties of Auchan group.