The value of the deal stands at EUR7.2 million, or EUR1,636 per square meter.
The consultant in the deal was Conadi, a real estate consultancy.
On the land plot, STC Partners wants to develop Quartier Ferdinand project that will have 170 apartments, street front retail spaces, exclusively subterranean parking lots, a rooftop leisure area and a kids’ playground.
STC Partners will invest over EUR35 million to develop the project.
Works would start in October-November and sales in September.
(English version by Catalina Apostoiu)