Rock Development invests in new residential project in Bucharest

Rock Development is preparing a new real estate investment. The company already has the authorization to build a project with 100 apartments and 130 underground parking spaces, on Mătăsari street in Bucharest.

"The market value of the new project will exceed EUR 22 million. It is the second major investment that we are starting in less than a year, after a few months ago we started the construction of the second phase of Avrig Park Residence, an investment of EUR 23 million," said Mircea Cotiga, CEO of Rock Development Holding.

The company has fully developed and sold Politehnica Park Residence, with 434 apartments, the first phase of Avrig Park Residence, with 135 apartments, and has pre-contracted about 25 percent of the apartments in the second phase.

Source: Economica.net