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.
|
|
|
 | |
|
|
| Daily Info |
|
Smart city is not a fad, it's a necessity In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo... |
|
Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers" "We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u... |
|
Telekom Romania, a strong supporter of Smart City development in Romania Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society... |
|
In the industrial era, the fight was for finite material resources. Not anymore Now organizations fight and develop themselves for and around their talent.
In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e... |
|
Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania" Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p... |
|
|
|
|
|
|
|
| |
|
|
advertising
advertising
advertising
|
| More on News |
| President Iohannis urges Romanians to be more united, stay involved in modernizing Romania  Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.
|
| OTP Bank Romania signs investment funds distribution deal with Eurobank Fund Management Luxembourg  OTP Bank Romania signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP B...
|
| Fondul Proprietatea expresses disappointment over Engie listing rejection  Fondul Proprietatea is disappointed with the decision taken by the majority shareholder of Engie SA, Romania Gas Holding B.V., to oppose the listing of the company, accordi...
|
| Europe must become a producer of new technologies, not just a consumer of technologies, says EC  Europe must become a producer of new technologies, not just a consumer of technologies, said Gerard de Graaf, Director for the Digital Single Market in Directorate-General ...
|
| FDI in Romania rises 10 per cent after ten months in 2018  Non-residents' direct investment in Romania (net FDI) totaled 4.56 billion Euro in January-October 2018, around 10 per cent more compared to the same period of 2017, Romani...
|
| Catrina, MCSI: Romania is ready to roll up its sleeves and work during the presidency of the EU Council  Romania is ready to roll up its sleeves and work during the presidency of the Council of the European Union (EU), said Maria Manuela Catrina, State Secretary at the Ministr...
|
| Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte  Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace a...
|
|
