Silver Mountain has 219 apartments and expansion plans for next year include the construction of a 600-room hotel.
Silver Mountain is the largest residential project developed by firm INR Managament, which entered insolvency in August for debts of about 380 million lei (about 85 million) to lender BCR.
INR Management sold 42 apartments in the project and signed pre-contracts for 20 more. (EUR1=RON4.4567)