Unlike the residential projects already started by Martin Slabbert, Avalon Estates and Marmura Residence in capital Bucharest, Silk District is the first mixed-use project developed by Prime Kapital, which will include office buildings, apartments, retail space and a hotel.
According to the company, this is the biggest real estate investment in the region of Moldavia, as it will be developed on a 11-hectare plot of land. In September 2018, Prime Kapital completed the acquisition of a 10-hectare platform of the textile factory Teba Industries.
The Silk District project will include a project of 100,000 square meters of leasable office space area, which will be developed in stages. This will be the third largest residential project developed by Prime Kapital, after Avalon Estates, a project whose construction will start in the summer of 2020, in Bucharest’s Pipera area, followed by the project on the Marmura platform in Bucurestii Noi area.
Over the last years, Iasi has become one of Romania’s most powerfully developed cities, alongside the cities of Bucharest, Cluj and Timisoara. Iasi boasts 20,000 employees in the IT industry, plus more than 2,500 graduates every year.