Redport Capital announces over RON 100 milion turnover in 2023
Redport Group, founded in 2016 by Cosmin Savu-Cristescu, announces a turnover of over RON 100 million for the year 2023. Over the past few years, the company has secured a land portfolio of over 6 hectares in the Petrom City - Străulești - Dămăroaia area. Within the projects The Level Apartments and Infinity Nord, Redport Capital will develop over 2000 apartments and 15000 sqm of commercial spaces. The total sales value (GDV) exceeds EUR 350 million.
During 2023, Redport Capital fully delivered and sold Phase II of The Level Apartments project and traded over 200 units across all the group's projects, thereby contributing to a consolidated turnover of over RON 100 million.
"We are pleased to announce the achievement of our financial objectives for 2023, showcasing our commitment to quality and excellence in all aspects of our business. The Level Apartments project has been a remarkable success, marking a significant milestone in the evolution of Redport Capital, and the launch of Infinity Nord will be both a natural extension of our portfolio and a testimonyt to our long-term vision for sustainable urban development.
Currently, we are thrilled to see an impressive waiting list and reservations from interested clients, whether they are end-users looking for a new home or investors attracted by the growth potential of the area where we operate. This consistent demand underlines our ability to identify and exceed customer expectations, further strengthening Redport Capital's reputation as a leader in the real estate development field," stated Cosmin Savu-Cristescu, Managing Director of Redport Capital.
This year, Redport Capital will also start construction for the first phase of the Infinity Nord project. The entire complex, estimated to be completed by 2030, will includes a total of 1,250 apartments, 1,500 parking spaces, and various amenities as commercial spaces, medical services, and educational facilities.