The developer will invest a total EUR10 million to build three blocks totaling 85 apartments in western Bucharest. Construction started in fall 2016 and the apartments are scheduled to be delivered in the second quarter next year.
The Grunenpark residential project is located in an area of houses and the developer aims to offer an alternative to people who want to live there but cannot afford a house and its maintenance costs.
Iridex Group was founded in 1990 and the company has built four office buildings totaling 30,000 square meters in northern Bucharest.