Niculae, who owns Pedro Construct, teamed up with Spain’s Avantia for the giant project. Lacul Morii is one of the most dynamic areas in terms of housing projects in Bucharest’s sixth district, where several developers have started or announced new projects.
“The project of Pedro Construct, under the new development brand, Hermitage, will be developed on a 120,000-sqm land plot located on the banks of Lacul Morii. The compound will include over 4,000 apartments,” said the representatives of Crosspoint Real Estate.
Pedro Company controlled by Petre Niculae has developed over 25 housing projects in Bucharest, including, in line with ZF estimates, more than 5,000 housing units.
(English version by Catalina Apostoiu)