by Property Forum | Residential

A new residential complex, comprising 1,000 apartments in four phases, is being built in the Domenii area of Bucharest, requiring a total investment volume of €80 million. The developer of the scheme is DVD Residential Imobiliare, owned by businessmen Dan Sucu (owner of Mobexpert Group) and Valentin Visoiu (owner of Conarg Group).


The first two phases of Arcadia Apartments will include about 500 apartments with the first 193 planned to be delivered next fall. All 1,000 apartments will be delivered over the course of three years, zf.ro reports.
 
The three-hectare plot, located to the Expozitiei area of the capital, was purchased for €18 million.