News Article Bucharest development Gran Via residential Romania
by Property Forum | Residential

Spanish-based developer, Gran Via Real Estate has invested more than €200 million in Romania in the last 15 years and completed about 1,800 apartments until the end of 2019. The company has specialized in the conversion of former industrial lots into residential projects, communities where thousands of families have started a new life.

Last year, Gran Via completed its first project in Sector 1, Aviatiei Apartments, with 291 apartments, built on the former plot of Paste Baneasa.

The complex is composed of four six-story buildings, gathered around a 1,000 sqm interior courtyard where green spaces, a playground and areas dedicated to relaxing and socializing residents were designed.

”Right now, we are one of the most active residential developers on the Romanian market with projects on three different market niches: mass-market, middle-market and premium”, said Antoanela Comsa, General Manager of Gran Via Romania. She adds: „For 2020, the main challenge for residential developers is the labour force crisis in the construction industry with direct impact on the cost pressure and of the delivery dates.”

In 2020 the Spanish-based developer is working on the final phase of the Timisoara 58 assembly (300 apartments) and will complete the first stage of the Gran Via Marina project in Constanta ( 192 apartments). At the same time, the company is preparing new phases in the Gran Via Park and Aviatiei Apartments projects.