The developer plans to start a real estate project on a 11-hectare plot in Iasi, to include an office park and homes.
“We may say Iasi is the new Cluj in terms of potential. We will launch the largest mixed-use project in Romania there.”
The project will have a residential component and an office space component. It will include 100,000 square meters of office space in several phases. It will be Prime Kapital’s biggest real estate development project after Avalon Estates, whose construction is due to begin next summer in Pipera, Bucharest, followed by the project on the former Marmura plant site in Bucurestii Noi.
Iasi is one of the major cities of Romania for the IT sector, along with Bucharest, Cluj and Timisoara, with 20,000 people working in that industry, in addition to 2,500 college graduates a year.
Dan Zaharia, an Iasi real state and investment project consultant, said on ZF Live a while ago that at least two ambassadors visited Iasi along with investors every month, to present investment opportunities.
(English version by Loredana Fratila-Cristescu)