about us | newsletter | contact | archive | members area
"The trend of mobility in Europe is impacting multinationals in Romania more and more"
Frederic Banco, ALD Automotive Romania»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Israeli developer SBR to start second phase of New Point residential project in Bucharest

Israeli-based real estate developer, Shikun & Binui RED, announces that has sold 50 per cent of the first phase from the residential compound New Point, localized in Pipera, North of Bucharest and is to start construction works for the second phase.

2017-07-06 13:48:10

"We started construction works in November 2016 along with pre-sales for our project New Point in Pipera," said Favi Stelian, Managing Director, Shikun & Binui RED Romania. "At the end of the first semester of 2017, our sales team has concluded contracts for 70 units, representing over 50 per cent of the first phase from this compound. "Up to now, we have a percentage of 15 per cent investors and 85 per cent final clients in our sales records, the double studios and one-bedroom apartments representing the best sold units. Due to high demand, we will start in July the second phase of the project, consisting in another two blocks."

The first phase of the New Point project consists in two blocks, totalling 136 apartments, with a varied mix: double studios, one and two-bedroom units with diverse surfaces and space planning, covering the needs of the youngster generation. The investment in the first phase of this project reaches 7 million Euro, the two blocks following to be delivered in the first quarter of 2018.

Taking into consideration the high demand for the units in the first phase, the developer has decided to begin the second phase, construction works following to start in July. The second phase consists in two blocks with 136 apartments and will add another 7 million Euro investment. The developer uses its own funds to build New Point residential condominium. The estimated date for the delivery of the second phase is the end of 2018.

The developer of New Point residential project, Shikun & Binui RED, is one of the biggest real estate developers in Israel, being active in this industry ever since 1920, with diverse projects in infrastructure, real estate and renewable energy.
In Romania, the company develops alongside another partner, the successful residential project, City Point Aviatiei, which comprises up to now, 213 apartments finalized and sold during construction stage.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  6504 Views
Daily Info
Openville Timisoara to open in the fourth quarter of 2018

The Openville Timisoara development, the largest mixed-use project in the west of Romania will be opened in the fourth quarter of next year, upon completion of the first phase...

URBB posts record production figure in 2017

United Romanian Breweries Bereprod (URBB) registered a record production figure exceeding two million hectolitres for the period January-November 2017, representing a 10 per c...

Cristian Busu has been reappointed president of Electrica's board

Cristian Busu has been reappointed president of Electrica board, the electric energy supplier. He is a member of the board since 2014 and was chosen in this position during th...

Transelectrica inaugurated the Campia Turzii station, fully refurbished with 9 million Euro

Transelectrica inaugurated the 220/110/20 kV Campia Turzii (Cluj County) electricity station, after an investment of about 42 million RON (9 million Euro).

CTP starts CSR project for the workforce market nearby Bucharest

CTP is starting a social responsibility program that aims to facilitate a series of meetings between high school students and representatives of important companies that are t...

 
 
   
advertising

advertising

advertising

advertising

advertising

advertising

advertising

advertising

advertising

More on News
Former PM Ciolos: We cannot risk Romania's future

Former Prime Minister Dacian Ciolos was present Sunday evening at the protest in Bucharest, on which occasion he argued that he considered joining the manifestations becaus...

PM Tudose reaffirms commitment to unconditional partnership with Romanian Army

The government of Romania has always been and will stay an unconditional partner to the Romanian Army, Premier Mihai Tudose said in a message on the National Army Day.

Romania initiates first meeting of EU Council Presidencies' Trio with Finland and Croatia

Minister-Delegate for European Affairs Victor Negrescu has initiated on Monday in Brussels, the first, minister-level meeting of the Trio of Presidencies that Romania is du...

Minister Negrescu: Romania is profoundly pro-European, we will be even more significant after Brexit completion

Minister Delegate for European Affairs Victor Negrescu said on Thursday that Romania is a profoundly pro-European state and will become more significant after the Brexit pr...

Iohannis: A significant delay in tax measures would be required

President Klaus Iohannis said that a significant delay in the amendments to the tax legislation would be required, adding that the January 1, 2018 deadline for their applic...

Dragnea: Amendments to the tax code, code of tax procedure to pass under government ordinance

Amendments to the tax code and the code of tax procedure will pass under a government ordinance and will be unveiled after the government meeting, national leader of the So...

Iohannis: Romania has made progress with equal opportunities, needs to speed up gap bridging

Romania's President Klaus Iohannis said that although important progress has been made in Romania in terms of gender equality, the country needs to speed up bridging the ga...