Spanish developer Gran Via invested over 200 million Euro in Romania: 1,800 apartments

The Spanish-based developer, Gran Via Real Estate has invested in Romania in the last 15 years more than 200 million euros and completed until the end of 2019 about 1,800 apartments. The company has specialized in the re-conversion of former industrial lots into residential projects, communities where thousands of families have started a new life.

The first project of Gran Via Real Estate in Romania, Timisoara 58, was developed on the site of the former factory Frigocom, on Timisoara Boulevard, where 500 apartments were delivered until now. On the site of the former factory Electrotehnica, the developer built Gran Via Park, a large assembly, where 1,000 apartments were delivered in three phases.

Last year, Gran Via completed its first project in Sector 1, Aviatiei Apartments, with 291 apartments, built on the former plot of Paste Baneasa.

The complex is composed of four six-story buildings, gathered around a 1,000 sqm interior courtyard where green spaces, a playground and areas dedicated to relaxing and socializing residents were designed.

In 2020 the Spanish-based developer is working on the final phase of the Timisoara 58 assembly (300 apartments) and will complete the first stage of the Gran Via Marina project in Constanta ( 192 apartments). At the same time, the company is preparing new phases in the Gran Via Park and Aviatiei Apartments projects.