Opus Land Development will invest approximately EUR 50 million this year in the construction of about 500 new homes in Cosmopolis, the largest residential project from Romania, as well as in the development of new facilities and in the project’s general infrastructure. Thus, the total investment undertaken in Cosmopolis’ development will exceed EUR 400 million, this being one of the biggest investments in a real estate project from Romania, regardless of the market segment.
The extension of Cosmopolis Plaza, the strip mall within the project, will be completed in the second part of the year. Thus, the shopping centre will reach 20,000 sqm, a surface similar to that of a commercial gallery and a large hypermarket, which will translate into approximately 50 new stores. In addition, a Lidl store was opened last year in Cosmopolis Plaza.
Also this year will be inaugurated in the project a Sweat wellness club, which, with a surface of 2,500 sqm. The new wellness club will include a semi-olympic indoor pool, a SPA and an area dedicated to entertainment and shopping of sport articles.
”We recently celebrated 15 years since the beginning of Cosmopolis, a period during which we managed to build a city in itself, the first city built in Romania in the last decades. Cosmopolis is not only a suite of blocks but also includes all the facilities and functions specific to a city and we want, and we will further expand their list,” stated Ozan Tuncer, CEO Cosmopolis.
Over 5,100 apartments and villas were completed so far in Cosmopolis, the community numbering already approximately 14,000 residents. The continuous development of Cosmopolis will lead the project to about 5,600 completed homes at the end of this year and a community of approximately 15,000 residents.
”We continue to identify and propose the best solutions in the projects where we are involved, whether are talking about new social functions, facilities or technological innovations. The development of Cosmopolis will continue in 2023 and in the years to come, for at least another decade, after which the city Cosmopolis will reach similar dimensions to those of cities such as Curtea de Arges or Sighisoara,” stated Gabriel Voicu, vicepresident SVN Romania and project manager Cosmopolis on behalf of the company.
