News Article Bucharest Cosmin Savu – Cristescu Redport Capital residential Romania
by Property Forum | Residential

Romanian developer Redport Capital has started the construction of the third phase of The Level Apartments project in northern Bucharest.

In this stage, the company will develop 105 apartments following an investment of €13 million.The developer has secured bank financing worth €8.7 million for this phase.  Over 70% of the projects have been pre-contracted and the units should be completed by the end of 2025. Aside from the homes, Report Capital will add 136 parking spaces and commercial spaces spanning 300 sqm.

“Following the great success of the first two phases, we decided to accelerate our development plans at Redport Capital. This ambitious project, initiated in 2017, reflects the company's unwavering belief in the potential of the Dămăroaia-Străulești area. With the completion of the first phase, the area has emerged as a major point of interest for residential development in Bucharest,” said Cosmin Savu – Cristescu, CEO of Redport Capital.

At the same time, the company is looking to secure all permits for the fourth phase that will feature over 200 apartments. The complex will be fully completed following a total investment of €60 million.