The last building in the West Gate Studios project has been completed recently and has 275 studios and apartments where rent starts from EUR75 per month for a seat in a 25 square-meter studio. The investment in the project amounted to EUR18 million, say company representatives, and includes the price of land, the furniture and fittings. The rooms have air conditioning, television, microwave ovens, refrigerators and washing machines.
“The occupancy rate of the buildings is on the rise as we approach the start of the university year. We expect to reach an occupancy rate of around 95% by October,” said Ioan Bejan, manager of the West Gate Studios project. The project is not exclusively addressed to students, but also to young people “at the beginning of their careers” and currently houses around 1,800 people.
The owners of the compound ask for advance rent payment – six or 12 months in advance, as well as a warranty of at least EUR240.
Beside this compound, Liviu Tudor also owns business parks West Gate and Novo Park.
(English version by Daniela Stoican)