Property developer Gran Via Real Estate will invest €26 million in expanding the Gran Via Marina residential project in Constanța with two new blocks of flats that include 190 apartments.
The first phase of the project was delivered last year, with a total of 192 apartments and a swimming pool dedicated to residents. At the end, the project will have eight blocks with about 1,000 apartments, as well as numerous other related facilities.
"We are going through a difficult period in which we are facing an explosive increase of the prices for construction materials, energy and skilled labor the one hand, and, on the other hand, we are facing a series of uncertainties given the Ukrainian border conflict.(...) We believe that real estate investments remain a good protection," said Antoanela Comșa, President of Gran Via Real Estate.
Until now, Gran Via has completed over 2,000 apartments in Bucharest.
