The company got the necessary zoning permit from the Bucharest City Hall for a residential complex consisting of six apartment buildings on 61, Eurofrosina Popescu Street in the east of the city. The 13,972 square meter plot used for the development is worth EUR8.3 million, according to ZF calculations.
“We see the rebound of the residential market continuing over the coming years, driven by the rise in people’s incomes and lending growth. Tesatoriile Reunite is to finalize the technical details of the project of the complex on Eufrosina Popescu and then we will be able to provide more information about it,” said Claudiu Doros, deputy chairman of SIF Moldova.
SIF Moldova is also involved in the construction and operation of the Veranda Mall in Obor-Colentina area of Bucharest together with Prodplast Imobiliare.
(English version by Loredana Fratila-Cristescu)