“We have already started designing and are in the process of securing permits to start construction. We have already registered the Neo Timpuri Noi name and next week we will sign the deal to buy the land,” Victor Capitanu said.
“We have three Neo projects in all – Neo Floreasca Lake, Neo Mamaia and Neo Timpuri Noi. We estimate to get all three permits next year.”
Neo Timpuri Noi will have about 90 apartments, while Floreasca Lake and Mamaia about 40 each.
The four entrepreneurs started Neo, 70% held by One Untied Properties and 30% by Octavian Avramoiu and Catalin Scripcaru.
Neo is a new exclusive brand of One United Properties to be used on boutique residential projects in very good locations aimed at high and very high income customers.
(English version by Loredana Fratila-Cristescu)