The project, called Gafencu, is set to be completed in the first quarter of 2016 and will be the tallest residential high-rise in the area.
The project will have a total area of 35,000 square meters, 11 storeys, and will include 110 apartments, 175 parking spaces and amenities such as spa, swimming pool, gym, children’s play area and security.
“This is the biggest luxury project developed after 2008 and targets prospective buyers who were not convinced by the high prices in projects developed during the boom years and even less by what is currently available on the luxury residential market,” said Andreea Comsa, managing director of Premier Estate, the company promoting the project.
Prices in the residential project range from EUR1,500 per square meter on the lower storeys to EUR2.500 per square meter on the upper storeys, thus a two-room apartment on the eighth floor will cost EUR700,000.
SKV Properties is equally owned by Ciprian Ioan Anghel and Cristina Mihaela Anghel.