A group of Turkish investors prepare a premium residential development in Bucharest

2 November 2023

A group of Turkish investors is preparing the necessary paperwork for the development of a residential complex with about 160 apartments near Carol Park. The project is to be developed on a plot of land consisting of two lots with a total area of 4,368 sqm and will include 5 blocks with basement, ground floor and 4, respectively 5 floors.

The development company has as its majority shareholder the construction company Melsam Construction, owned by businessman Akcael Selahattin Murat.

Akcael Selahattin Murat’s construction company has participated in 64 projects with a built area of about 371,000 sqm over the last 17 years. Melsam Construction reported a turnover of EUR 30.1 million last year, the best result in its history.

Source: Profit.ro

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