Hercesa Romania announces the start of construction works on the second building of the Stellaris Residencias project, developed next to the Steaua stadium in Bucharest, and the start of sales of the 125 apartments in this phase on April 26, 2024.
“We started construction works on the second building in Stellaris Residencias two months earlier than initially scheduled, following our success with the first building, which is currently 80 percent sold, almost 90 percent of the buyers being end-users ” said Romeo Ghica, Operations Manager at Hercesa Romania. ”Most of the demand still comes for two-room apartments, the only ones in our mix that fall within the 9 percent VAT ceiling. In the case of the first building of Stellaris Residencias, the two-room apartments were chosen 60 percent by end-users, while 40 percent were purchased as an investment. Regarding the sales results we registered so far, one of the success factors is the excellent progress of works on road and public transport infrastructure in the area, an example of a successful partnership between the private environment and local authorities”, added Romeo Ghica.
Located in an area with easy access to public transport, parks, educational units and shopping centers, the residential buildings in Stellaris Residencias will benefit from facilities such as 3,000 sqm of green spaces each, basketball courts, relaxation areas and playgrounds for children, all destined exclusively to residents. In addition, the project includes the construction of road and educational infrastructure: 2.7 km of streets, a kindergarten and a school.
