Cordia Romania has bought four land plots in the North of Bucharest aiming to develop residential projects for the medium and medium-high segments. The investment in the four plots totals EUR 100 million, including the development of the projects.
“The total investment in the development of the four plots, part of our long-term strategy in Romania, amounts to approximately EUR 100 million”, said Mauricio Mesa Gomez, CEO of Cordia Romania and member of Cordia Board of Directors. “These new developments will bring to the local real estate market medium and medium-high apartments, with an accent on perfect balance between location, architecture and the price of the property, just like Parcului20, a project located in Expozitiei area, currently under development. Cordia Romania aims to develop 500 apartments annually in the coming years. Through the purchase of these plots, a cumulative total area of approximately eight ha, we have secured the basis for the development of our future residential projects.”
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