„TeraPlast and Alfa Construct Partners are announcing the termination by mutual consent of the agreement for the completion of the real estate project of Zefirului Street in Bistrița. The decision has been made as an effect of the complex construction market climate having generated spiking prices in construction materials, along with the accelerated evolution of energy and fuel costs, which are significantly impacting the costs with suppliers and materials required for the real estate project”, reads an announcement published on the Bucharest Stock Exchange, where TeraPlast is listed.
Alfa Construct Partners was due to develop, with its own funds, a 240-apartment real estate project on a land plot made available by TeraPlast.
(English version by Catalina Apostoiu)