Prime Kapital: A new project in Iasi

Prime Kapital: A new project in Iasi

Published at: 2019-06-12 10:16 | Author: CIJ Romania
Prime Kapital has a positive long-term view for Romania.The real estate investor currently has three projects: two of them located in Bucharest (Avalon Estate - 800 units and Marmura Residence - 450 apartments) and it recently announced another in Iasi. Silk District will be a mixed-use development comprising of 2.500 apartments and 100,000 sq m of offices.

Maggie Kitshoff, Residential Project Director at Prime Kapital, stated during CEDER 2019 that demand will continue to grow for specific types of projects.
"It's a hot market at the moment, prices go up, contractors are busy, so they can pick and choose. The business model for developers is to optimise and be efficient, be it through design or how to gear your project, or how you negotiate for your materials. That in the end will dictate whether or not you will be stable on prices," she said.

Similar Stories:

Boulevard opening in front of Stanica Nivy pushed back to fall 2020
Completion of the boulevard that's being built at Mlynske Nivy in connection with the  »
Foreigners behind a fifth of Prague residential sales
Foreign buyers have been behind 20 percent of all flat sales in Prague so far this year. T  »
Czech residential price inflation slows to a crawl in Q2
Rising residential prices has become an issue of such concern to the Czech public that new  »
New residential complex under construction in Kotor Bay
Design & CO, a Turkish-backed company based in Tivat, is building a 5-building residen  »
Where do you see your company going over the next two years? Since I became GM of the co   »
Construction has begun on Bispevika, a brownfield project along Oslo’s waterfront that   »
PSN has sold 350,000 sqm of land to the dominant Czech residential developer Central Group   »
Investors from China, Russia and other countries are leading a growing influx of foreign f   »