DVD Residential Imobiliare launches Arcadia Apartments Domenii following a total investment of 100 million Euro
DVD Residential Imobiliare starts the construction of the first large residential complex in Domenii area from Bucharest. Arcadia Apartments Domenii will be built in three stages and approximately 800 apartments are to be developed in three years with a total investment of 100 million Euro, a press release shows. 2017-09-26 14:20:47
The first construction phase consists of a 2S + P + 5E + 6-7R building with 193 studio units, two, three and four-room apartments, penthouses and duplexes and 240 totally underground parking spots.
Prices start from 70,000 Euro + VAT for a studio and they reach 265,000 Euro + VAT for a penthouse.
The second phase is scheduled to begin at the latest in the first half of next year and involves the construction of two 2S + GF + 5E + 6-7R buildings with a total of 235 apartments and 300 underground parking spots. The third phase will include apartment buildings and a commercial area.
The total value of the Arcadia Apartments Domenii project is estimated at around 100 million Euro, of which 18 million Euro was the cost of acquiring the land plot. The investment is made by DVD Residential Imobiliare, whose majority shareholders are Dan Sucu (owner of Mobexpert Group) and Valentin Visoiu (owner of Conarg Group).
The development of Arcadia Apartments Domenii is provided by Conadi, the company which is also the exclusive sales representative for the project. The general contractor is Conarg AG, and the overall design is done by K-Box Construction & Design and Colbax Engineering.
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