The profit shrank, too, to merely RON4.3 million compared with more than RON45 million in 2019.
Rotar Residence owners are Ilmiddin Eskiocak, Sabahattin Eskiocak and Alaettin Eskiocak, who hold almost equal stakes, according to Confidas.ro data.
The investors in Rotar Park Residence also developed Rotar Park Residence 2 in the same area, a 227-apartment residential building completed early this year.
Rotar Park Residence is located on the site of the Turbomecanica aircraft component plant, which sold 3.3 hectares to the developer for EUR5.2 million in 2014 and continued to operate on the remaining two hectares.
(English version by Loredana Fratila-Cristescu)