The residential project was developed by Canada’s InteRo Property Development.
“MVGM enters the residential market in Romania, a segment that currently offers a major business opportunity as more and more developers choose to provide their buyers with professional property management services,” said Mariana Stamate, managing director, MVGM Romania.
MVGM Group estimates it will reach over 2,500 residential units under management in the next two years.
The groups’ international commercial portfolio (offices, industrial, retail) under management totals over EUR12 billion and its residential portfolio totals around EUR62 billion.