Businessman Cristian Gabriel Panait, owner of Alpha Builders Group, enters the residential market in Bucharest with a block of 107 premium apartments located on the shores of Morii Lake, in Sector 6.
The investor has residential works in progress with a value of EUR 25 million in Constanța, including the Marina Tower. Most of the money invested is from advance sales, the group having no bank commitments.
“We are starting a block with 10 floors, plus two detached floors, that is a penthouse volume, on Lacul Morii. There are 107 apartments whose prices vary between EUR 1,500 and 2,300/sqm built, depending on the floor and lake view, plus two underground levels for 144 parking spaces. The investment in the project, with the land, authorization and design included, is about EUR 11 million. Alpha Builders Group is also the builder of the project, not just the developer,” said Octavian Mitan, the development director of Alpha Builders Group.
Construction work on the Lake Tower is scheduled to begin in July, with delivery expected by the end of 2026.
Source: Profit.ro
