Scandia Română Development, the real estate division of the Scandia group, has announced the commencement of works on a new residential project in Sibiu.
The project will be developed in four phases on a site of over 40,000 sqm and will offer over 500 apartments. The first phase, with 116 apartments, is scheduled for completion in 2026.
Andrei Ursulescu, CEO of Scandia Română Development, said: “We are focusing on an accessible concept in a key location, as well as on the potential of the city of Sibiu, a cultural and tourist centre with a dynamic labour market and one of the best infrastructures in Romania.”
The complex will offer apartments with high-quality design and finishes, aimed at the mid-market segment in Sibiu, based on a K-Box Construction Design concept.
The development will include amenities such as commercial spaces, playgrounds, bicycle paths, green spaces, and relaxation areas.
