Real estate developer Opus Land invests 29 million Euro in extending the Cosmopolis project

Opus Land, one of the most active real estate developers on the local market, will increase to 29 million Euros its annual investment in the development of Cosmopolis residential project. The amount is approximately one third higher compared to the investment undertaken in 2020.

Approximately 500 new homes will be added in 2021 to the already 4,100 residential units already delivered within Cosmopolis. Approximately half of the new units will be represented by villas, the project thus quickly adapting to the new trends in the residential market.

Moreover, the development of the general infrastructure of the project will further continue in 2021 through new facilities and the extension of the already existing ones. The most important will be represented by the extension of the strip mall existing in the project. Thus, the strip mall will more than triple its leasable surface, to 14,000 square meters, similar to the one of a small shopping centre.

The road infrastructure of the project, which already has tens of kilometres, will continue to expand in 2021 and the building where the state primary school will operate has already been completed and handed over to the authorities. Also, new green areas will be created, and at least 12 new pools will be constructed, which will be added to the 35 already existing within Cosmopolis.

488 new transactions were closed in Cosmopolis last year, the objective for 2021 being of approximately 500 new transactions. The prices in the project start from 51,500 EUR + VAT for a double studio (56 square meters constructed area) and from 99,400 EUR + VAT for villas (GF + 1, 99 square meters constructed area).

The total investment undertaken in Cosmopolis up to this moment exceeds 350 million Euros, being one of the biggest in the local real estate market, regardless of the market segment.