about us | newsletter | contact | archive | members area
Bogdan Badea, Hidroelectrica
There is a need for urgent cost optimization»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

DVD Residential Imobiliare launches Arcadia Apartments Domenii following a total investment of 100 million Euro

DVD Residential Imobiliare starts the construction of the first large residential complex in Domenii area from Bucharest. Arcadia Apartments Domenii will be built in three stages and approximately 800 apartments are to be developed in three years with a total investment of 100 million Euro, a press release shows.

2017-09-26 14:20:47

The first construction phase consists of a 2S + P + 5E + 6-7R building with 193 studio units, two, three and four-room apartments, penthouses and duplexes and 240 totally underground parking spots.

Prices start from 70,000 Euro + VAT for a studio and they reach 265,000 Euro + VAT for a penthouse.

The second phase is scheduled to begin at the latest in the first half of next year and involves the construction of two 2S + GF + 5E + 6-7R buildings with a total of 235 apartments and 300 underground parking spots. The third phase will include apartment buildings and a commercial area.

The total value of the Arcadia Apartments Domenii project is estimated at around 100 million Euro, of which 18 million Euro was the cost of acquiring the land plot. The investment is made by DVD Residential Imobiliare, whose majority shareholders are Dan Sucu (owner of Mobexpert Group) and Valentin Visoiu (owner of Conarg Group).

The development of Arcadia Apartments Domenii is provided by Conadi, the company which is also the exclusive sales representative for the project. The general contractor is Conarg AG, and the overall design is done by K-Box Construction & Design and Colbax Engineering.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  5863 Views
Daily Info
Telekom launches the third Smart City pilot project in Romania

Telekom Romania launched in Piatra Neamt, the third Smart City pilot project, after the ones in Bucharest and Constanta. The company’s project is part of the strategy of exp...

First EIB loan to a corporate in Romania's local currency

The European Investment Bank (EIB) is providing the first loan to a corporate in Romania that can be disbursed in local currency; the equivalent of 50 million Euro will be gra...

Romania plays in the big league, says Deloitte survey

On the backdrop of a stable economic context in the region and with growing macroeconomic indicators, Romania has won the deal doers' trust now becoming a core market for priv...

Electrica Group launches its first sustainability report

Electrica Group, leader in the distribution and supply of electric energy in Romania, is launching a sustainability report for 2016, which serves as the first non-financial re...

Some people spend up to six hours a day in meetings, survey says

A global survey recently commissioned by Plantronics on how people in the offices experience meetings revealed that almost 6 in 10 office workers sometimes have between 5 to 1...

 
 
   
advertising

advertising

advertising

advertising

advertising

advertising

More on News
Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot ...

Garanti Leasing signs a loan agreement for 15 million Euro with EFSE

Garanti Leasing, part of Garanti Romania, has signed a loan agreement of 15 million Euro with the European Fund for Southeast Europe (EFSE). The facility is meant to increa...

Romania plays in the big league, says Deloitte survey

On the backdrop of a stable economic context in the region and with growing macroeconomic indicators, Romania has won the deal doers' trust now becoming a core market for p...

Electrica Group launches its first sustainability report

Electrica Group, leader in the distribution and supply of electric energy in Romania, is launching a sustainability report for 2016, which serves as the first non-financial...

Energy price for households to increase as of 1 January

The price of energy for consumers who are powered in universal service will increase as of 1 January, while the peak energy consumption, between 18:00 hrs and 22:00 hrs wil...

Mega Image to continue expansion in Romania in 2018

Local retailer Mega Image will continue its expansion next year, according to Vassilis Stavrou, the general manager of the Mega Image operations in Romania.

EBRD acquires 4.4 per cent stake in Globalworth

The European Bank for Reconstruction and Development (EBRD) has acquired a 4.4 per cent stake in real estate developer Globalworth, whose portfolio in Romania reached 1.08 ...