Real estate company Prima Development Group is investing €20 million in a residential project located in Timpuri Noi area, Bucharest’s emerging business hub.
Construction works are underway for the Core Timpuri Noi complex that will feature 240 apartments, three commercial spaces with a leasable area of 300 sqm and 250 parking spots. The project's development kicked off in May 2020 and around 60% of the apartments have been precontracted.
Andrei Moanță, CEO of Prima Development Group, says that the building will be completed at the end of this year. The residents will be able to move in at the start of 2022.
The developer is based in Oradea, western Romania, and has delivered around 3,000 apartments to date, with a combined value of €180 million.
