The 36,000 square meter complex includes five residential 11-story tall residential buildings. The first phase of the project is due for delivery at the beginning of 2018 at the latest.
“The first two apartment buildings will be completed at the end of December or in January next year at the latest,” the representatives of the sales office at the entrance to the complex said.
21 Residence Politehnica is one more entry on the list of several projects Petre Niculae built in sector six. They include 19th Residence on 19, Orhideelor Street, near the Basarab Overpass, in one of the most important office space areas and the 20th Residence, Exigent One and Plazza Residence.
The beneficiary of the 21 Residence is SC Imob Construct Center SRL, a company held by Petre Niculae – 80% and Marinela Niculae -20%. Imob Construct Center posted 9.5 million lei (about EUR2 million) revenue and RON4.6 million net profit in 2015, according to Finance Ministry data.
(English version by Loredana Fratila-Cristescu)