“Last year, we bought a 5-hectare plot of land for the second stage of the project, which will include 18 apartment blocks, namely 1,200 apartments, and this year, we bought another plot of land in the northern side, for the third stage of the project, with 10 apartment blocks, namely 700 apartments. We currently have a total of 18.4 hectares of land in Avantgarden3,” Liliana Tene, marketing manager with Maurer Imobiliare, told Mediafax.
In the first stage of the project, 1,800 apartments are already finalized, while another 370 apartments will be ready by the end of the year.
The beginning of the works at the third stage of the project will depend on the sales of the apartments in the first two stages.
The company has sold over 1,600 apartments in the five years since the beginning of the construction works.
Maurer has German capital and started operations in the real estate sector in 2006. Its first local realty project was developed in Cluj and includes 29 apartments. It is currently developing a project in Sibiu.