She did not provide additional details on the value of investments or the way such a large project could be funded, only explaining part of the money comes from own funds and for the rest of the investment the developer is open to partnerships.
The mini-city project would span around ten years and be conceived so that people living there should have rapid access to the city and the airport. The housing project would also target several client categories.
The group is currently made up of five companies, with three of them controlled by Cristi Pascu, who inherited and developed the business founded by his father, Dumitru Pascu, in the ‘90s. Irina Stoenescu explained future developments could also bring a structural transformation of the group.
PSG Group has in recent years developed WIN Herastrau project.
(English version by Catalina Apostoiu)