Businessman Petre Niculae obtained the building permit for a residential complex with 522 apartments that will take the place of former production halls in the Electroncii area, in Sector 2 of Bucharest. The investor intends to expand in this perimeter through new land acquisitions.
The project authorized by Petre Niculae envisages the construction of a residential complex with 11-storey buildings with 522 apartments and 540 underground and above-ground parking spaces. The investment value in the documents preceding the authorization was estimated at over EUR 25 million.
The land of about one hectare was bought from the Pal Group, part of the Green Future group of companies, in exchange for 90 apartments and 80 parking spaces in the future residential complex.
Source: Profit.ro
