Spanish developer Gran Via sold 478 apartments worth 44 million Euro last year in Romania

Spanish developer Gran Via Real Estate announces its results for 2020 on the Romanian market. The company sold 478 residential units, with a total value of 44.2 million euros, in projects such as Timișoara 58, Aviației Apartments, Gran Via Park and Gran Via Marina in Constanța.

“Although we encountered the two months of total lockdown in the spring, we managed to recover during the year, reaching a monthly average of 47 apartments sold,” said Ana Maria Nemțanu, Sales & Marketing Director, Gran Via Romania, adding: “The best-selling products were the two-room units, for which we had the largest stock, but the demand for the three-room apartments exceeded the stock we had.”

In 2021, the developer finalizes phase IV of Timișoara 58 compound in Bucharest and phase I at Gran Via Marina in Constanța, working on phase IV at Gran Via Park. The company plans to launch new phases at Aviației Apartments and Gran Via Marina, as well as a new project in Bucharest.

The first project of Gran Via in Romania was Timișoara 58, built on the former Frigocom platform, in sector 6. The project totals 800 apartments.

The second development was Gran Via Park, near the Plaza Mall, on the site of the former Electrotehnica factory, which today has become the company’s largest project in Romania, with 1,000 apartments completed and another 220 under construction.