The project, named Circului Park Tower, is developed by the company Rodelco, a vehicle created by the company Ravago and Greek investors.
"The construction started in February 2013, having its completion date scheduled for the end of 2014", has declared for Mediafax Viorica Dragotel, sales and arketing manager of the residential complex. She didn’t mention the investment value, but said that the project will be supported by the developers own funds.
The project includes apartments of 2, 3, 4 and 5 rooms on 15 floors, with two underground levels in addition. The area of the apartments starts from 70 sq.m to 200 sq. m, the building being covered with a glass curtain.
Circului Park Tower targets mainly the average and high income clients, the prices ranging from EUR 1,000 to EUR 1,500 /sq. m (with VAT in addition), depending on the position of the apartment.
The partners in the project have bought last year the 2,400 sq. m land where the building is erected. They were also involved in real estate developments on the local market, an office building in Delea Noua and a warehouse in Pantelimon, both fully rented, as well as a residential complex in Mogosoaia, completely sold.
Ravago is a Belgian family business headquartered in Arendonk, being also active in the field of plastics production and logistics. (source: wall-street.ro)