Prima Development also own a 5-ha land plot at the same location and intends to build an over 2,000-apartment housing compound on the two land plots.
The gross development value for the project amounts to EUR260 million, according to the company’s officials.
Prima Development Group has so far delivered over 4,000 apartments totally worth EUR280 million in Oradea and in Bucharest developed Core Timpuri Noi and Boemia Apartments.
It now has 3,000 apartments under development in Bucharest in a EUR200 million investment.
(English version by Catalina Apostoiu)