Romanian developer Euro Vial has purchased at the end of last year a plot of land of 2,500 square meters located in Mamaia North, in a deal worth €1.5 million.
The land is located near a residential project delivered by the company last year, which includes a private beach, following an investment of more than €30 million. Euro Vial plans to add facilities for residents on the newly acquired land plot.
”We are in the process of identifying a reputable HoReCa operator and we will include new leisure spaces, including those dedicated to the children. Buyers, as well as tourists who rent units purchased for investment purposes, want an integrated project, at Western standards, that offers a full range of facilities, services and leisure options,” said Virgil Lixandru, Managing Partner of Euro Vial Residence.
Mamaia is one of the most dynamic real estate regional markets in Romania, with over 14,000 residential units delivered in the last decade. Several thousand residential units are under development in this location and are slated for delivery in 2022 and beyond.
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