ARQA – the newest real estate developer, with 100 percent Romanian capital, announces a new residential project that will be developed in the Iancu Niculae area, located in the North of Bucharest. For this project, ARQA purchased a land of 10 thousand sqm, worth over EUR 6 million.
“We were encouraged by the success of ARQA Jolie Village to choose the northern area of Bucharest for our next development. With an investment currently estimated at EUR 50 million, we are preparing 230 apartments and several hundred parking spaces for the customers of the future residential district. Of course, we will add premium facilities that will make a difference for those who want to choose this project. We build for the future! Our projects and years of experience are proof of the trust we have in the Romanian real estate market,” declares Lucia Niculae, Chief Investment Officer ARQA.
ARQA is planning major investments in the Romanian real estate market for the coming years, an effort that began in 2022 with the investment of over EUR 20 million in ARQA Jolie Village, the first residential project in the ARQA portfolio. In the next 5 years, ARQA has already designed approximately 5,000 residential units in projects in Bucharest and is analyzing the purchase of more land in the main cities of the country.
