Property developer Prime Kapital says it has finished the demolition phase on a former industrial platform in Iași where it will kick off the construction of Silk District, a mixed-use scheme.
The first phase of the residential component is under development and will be delivered by the end of 2022, while the construction of the second phase will start next year. Meanwhile, the development of the first office stage will start at the start of 2022 and deliver it towards the end of 2023.
“Thus, by the end of 2023, together with the first phase of offices we will see some 700 apartments delivered, alongside major infrastructure works with green and leisure spaces, with another 700 apartments under development in the next phases,” said Maggie Kitshoff, Prime Kapital Partner.
Prime Kapital has ongoing developments in Romania in the residential and retail sectors.
