After selling 70 percent of the first phase of its Estic Park residential project in Bucharest, Israel Land Development Company (ILDC) has started work on the second phase. ILDC is planning to invest €6m in the new phase, which will include 103 apartments. Completion is set for next year. Estic Park will offer a total of 1,500 homes in four phases over six years. The total investment is estimated at €94m, with the developer having already invested €26m in the first phase. Apartments in the second phase will sell for €44,600 for a two-room unit to €78,600 for a three-room unit.
