The deal could revolve around EUR35-40 million, according to the same sources.
Vulcan platform could thus turn into a new housing pole, complementary to the future project of IMGB. Around 5,000 apartments with a market value of at least EUR400-500 million could be built on the 25-ha land plot.
On the other hand, after having bought the land plot from Doosan IMGB, SIF Banat-Crisana sold it to a group of investors, with a new mixed development pole set to be built on the 54-ha land plot, according to real estate market sources.
Bucharest’s southern area has attracted the biggest number of housing developments, both in district 4 and in Popesti-Leordeni.
(English version by Catalina Apostoiu)