Romanian developer Redport Capital will start construction this year for the first phase of the urban regeneration project Infinity Nord that will be delivered in several stages by 2030.
The complex will feature 1,250 apartments, 1,500 parking spaces and various facilities such as commercial spaces as well as medical and educational services.
At the same time, the company expects to complete the last two phases of The Level residential project in northern Bucharest. It will include 350 homes with an estimated sales value of more than €60 million.
„The Level Apartments project has been a remarkable success, marking a significant milestone in the evolution of Redport Capital, and the launch of Infinity Nord will be both a natural extension of our portfolio and a testimony to our long-term vision for sustainable urban development," said Cosmin Savu-Cristescu, Managing Director of Redport Capital.
During 2023, the developer recorded a turnover of 100 million lei (around €20 million), while the fund for new investments exceeds €200 million.
All in all, the development pipeline includes 2,000 apartments and 15,000 sqm of commercial spaces with a combined sales value above €350 million. Redport Capital has secured a 6 hectare land bank in northern Bucharest for these developments.
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