Property developer Novum Business Invest has purchased a new land plot of 15,100 near Carol Park in Bucharest for a new residential project with over 500 units.
The company will develop five residential buildings, a kindergarden and commercial spaces, with the total project valued at around €65 million.
“The area of the project has great potential being in a semi central location, with a metro station and Carol Park at only a short walking distance. Taking into consideration also the good timing (high demand for residential and the project, plus a building permit already in place), and the vast experience of the developer who already developed more than 2,300 units, we are sure that this part of the city will become a desirable address, said Ionuț Stan, Associate Director, Land Development at Crosspoint Real Estate, the agency that brokered the land deal.
Novum Business Invest has been developing apartments in Bucharest for more than a decade.
