The international property management company, MVGM Group took under management the NorthLight Residence residential complex in Bucharest with a total of 110 apartments and developed by InteRo Property Development.
NorthLight Residence is built in the northern part of Bucharest, near Cosmopolis residential project, and is owned by InteRo Property Development, a company founded by Canadian businessman Michael Topolinski.
”MVGM Group enters the Romanian residential market, a segment that currently offers an important business opportunity as more and more developers choose to provide professional services for the management of their assets to their buyers”, says Mariana Stamate, managing director of MVGM Romania.
Group has the ambition to have a portfolio of over 2,500 homes under management in Romania within the next two years.
The international commercial portfolio (offices, industrials, logistics, retail, and other asset classes) that MVGM manages has a market value of over €12 billion, while the residential is approximately €62 billion.
