Ion Țiriac resumes an investment of over EUR 100 million in Brasov

The Țiriac Group, controlled by businessman Ion Țiriac, accuses that one of the most ambitious real estate projects in the center of Brașov, an investment of over EUR 100 million, was unreasonably delayed "by the ambitions of some politicians who refused to submit to the Local Council the extension of the PUZ, coming up with various proposals for a private property area guaranteed by the Constitution".

Now, the Țiriac Group is resuming the authorization procedures for a large real estate project with a mix of functions in the center of Brașov. The works are scheduled to begin by the end of this year, with the design and authorization processes already initiated.

The Țiriac Group aims to transform this former industrial area of approximately 40,000 sqm into a large-scale residential project. The project is structured in three development phases, and its main component involves the construction of 600 apartments.

Source: Profit.ro