Redport Capital and Mobexpert announce EUR 150 million investment in Infinity Nord

by   CIJ News iDesk V
2023-05-24   10:06

Redport Capital and Mobexpert Group announce the completion of the concept design for the Infinity Nord project, a residential destination located in the Străulești area in the North of the capital. This will be one of the largest urban regeneration projects in Bucharest, the total investment being estimated at EUR 150 million. The concept design is created together with Design International.

The Infinity Nord project covers an area of 44,000 sqm, with a total buildable area of 125,000 sqm. The four phases of the project will comprise a total of 1,250 apartments, retail spaces, medical and educational facilities, as well as 1,500 parking spaces.

“Even since the beginning, we trusted the reconversion potential of the area and we replicated all its qualities in a mature, sustainable and far-reaching residential project, able to respond to the current and future generations of inhabitants. We are convinced that, through our vision and long-term development strategy, Infinity Nord will be a premium area to live in, but more than that, a destination for the all the North of the Capital,” stated Dan Șucu, founder and shareholder of the Mobexpert Group.

The developers planned to start the construction in the fall of this year, with the entire complex to be delivered in four phases, with a completion date of 2030.

“Infinity Nord is a neighborhood as all should be, dedicated both its residents and all of the community of which it is a part of. For this reason, we have chosen to collaborate with a respectable team of architects with extensive experience in international real-estate projects. Design International worked for more than a year on the development of the masterplan and concept design and helped us define our perspective and understand the international standards regarding the developments of residential spaces that we would then express within the Infinity Nord project,” stated Cosmin Savu-Cristescu, managing director and majority shareholder of the Redport Group.