Park Properties has acquired two land plots on the shores of Pipera and Balotesti lakes on which new large-scale residential complexes will be constructed.
SunLake Pipera and SunLake Homes (Balotesti) are the two future new residential neighbourhoods located in key areas of Bucharest and near the city, close to the lakes, with a unique perspective on the area where they are located, similar to the SunLake Residence concept, on the shore of Lake Fundeni, where three blocks with a total of over 300 apartments are under development.
The estimated market value of the two future residential developments is more than EUR 40 million.
“We have recently acquired a lakeside plot of land in the Pipera area where we intend to develop a residential complex of premium apartments, as well as 20,000 sqm of land on the shore of Lake Balotesti for a future neighborhood of luxury villas. The lakeside location gives uniqueness to any real estate development and significantly increases the quality of life of the residents. With the acquisition of the new land and planned developments we will exceed the threshold of 700 housing units and we aim to exceed 1,000 units in Bucharest and the near Capital in the coming years,” Alexandru Manaila, Managing Partner of Park Properties stated.
