Redport Capital and Mobexpert to invest 150 million Euro in Infinity Nord residential project in Bucharest
Petre Barac
Posted On May 17, 2023
Redport Capital and Mobexpert Group announce the completion of the concept design for the Infinity Nord project, a residential destination located in the Straulesti area. This will be one of the largest urban regeneration projects in Bucharest, the total investment being estimated at 150 million Euro.
Located in the North of Bucharest, in the Straulesti area, the Infinity Nord project covers an area of 44,000 square meters, with a total buildable area of 125,000 square meters. The four phases of the project will comprise a total of 1,250 apartments, retail spaces, medical and educational facilities, as well as 1,500 parking spaces.
“Even since the beginning, we trusted the reconversion potential of the area and we replicated all its qualities in a mature, sustainable and far-reaching residential project, able to respond to the current and future generations of inhabitants. We are convinced that, through our vision and long-term development strategy, Infinity Nord will be a premium area to live in, but more than that, a destination for the all the North of the Capital”, stated Dan Sucu, founder and shareholder of the Mobexpert Group.
The developers planned to start the construction in the fall of this year, with the entire complex to be delivered in four phases, with a completion date of 2030.
The Redport Group was founded in 2016 by Cosmin Savu-Cristescu and represents a group of companies specialized in construction, investment, development and management of real estate projects. The company has so far completed The Level Apartments I and The Level Apartments II projects, totaling 175 apartments following investments of 16 million EUR.
The Mobexpert Group was founded in 1993 and it is a vertically integrated company, which starts with the design and planning of furniture, goes through manufacturing and retail, up to the final customer’s space.
Recently, through Mobexpert Homes, the Group invests massively in real estate developments on the middle-upper level of the market.
