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Dan Boiangiu, Arval
Public and private investment seems to re-gain a proper focus»
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Romania’s first residential complex with green energy sold 200 apartments in first phase

Cartierul Solar, the first residential complex with green energy in Romania, located in southern Bucharest and developed by Ad Astra Partners, has completed its first phase and started the works for the next one, according to a press release issued to The Diplomat – Bucharest in late July

2016-10-21 21:52:26 - From the Print Edition

Over 200 apartments built in phase one have already been sold. Out of these, 70 per cent were bought through the governmental programme ‘Prima Casa', 20 per cent by cash and ten per cent through mortgages and rates at the developer.
The first phase of the real estate project includes four buildings, counts 264 apartments with one to three rooms and which required an investment of about 12 million Euro. The second phase will require a total investment of about 15 million Euro and will include four buildings with 350 apartments and a building for commercial purposes, totalling 2,800 sqm. The second phase is due for completion in June 2017 and the whole project will end in December 2018. In total, the investment in Cartierul Solar amounts to over 45 million Euro. The residential complex will have a built area of 90,000 sqm and will consist of 15 buildings with a total of 1,000 apartments.



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