Italian group FRI-EL Green Power, a renewable energy producer, plans to invest over €80 million in developing the Ateneo residential project in the Romanian city of Timișoara.
FRI-EL Buildings, a local investment vehicle of the Italian group, will develop the complex which will comprise 1,300 apartments.
“We found here a residential market in full development and a real demand for smart partitioned apartments at competitive prices but, more importantly, for apartments part of integrated projects, with multiple facilities specific to a new lifestyle,” said Luca Cainelli, CEO of FRI-EL Buildings Romania.
