Construction works started in the summer of 2017 and are due for completion in the first quarter of 2019. The project will be completed in a single phase. SoHo Unirii is located in the vicinity of Unirii Square.
The Concept Group, the company in charge of transactions involving the SoHo Unirii project, expects the entire compound to be traded within one year at most. Sales of the SoHo Unirii project started in November 2017 and its occupancy rate currently reaches 15%.
The project is built by Ayka Construction, which also built the InCity Residence compound developed by Anchor Grup, the owners of the first two shopping malls in Romania. In 2016, Aika Construction had a turnover of RON11.4 million and a profit of nearly RON1 million, with 19 employees, according to Finance Ministry data.
London Partners Romania plans to set off a new residential project in 2018.
London Partners is a real estate development company which is part of an international group carrying out investments of over $1 billion in several market sectors. The group has been present in Romania since 1994.