German investor Michael Dietrich, owner of the Baupartner construction group, is preparing two luxury residential projects near Parcul Verdi and Dorobanți square in Bucharest, being his first investments in this niche market.
The German investor has partnered with film producer Anca Elena Tudor in 2021. Together they initiated the permitting process for a residential project on the site of an old office building bordering Verdi Park, where one of Anca Tudor’s film production companies is based. The property has a plot of about 1,500 sqm. The investors are proposing to demolish the office building and build instead a two-basement, ground-floor, four-storey apartment block, plus the 5th and 6th floors set back.
In parallel, Michael Dietrich has also initiated a residential project near Dorobanți Square. Here he proposes to build a block of flats with basement, ground floor, two floors, plus 3rd and 4th floors set back.
Source: Profit.ro
