Greek businessman Ioannis Papalekas, who exited the Globalworth business in 2020, has returned to the Romanian market through an investment made indirectly, by one of his partners, in an exclusive project near Herastrău Park, where apartments are sold for prices of up to EUR 12 million per unit. Papalekas is investing in the Nordului Residence residential complex through his partner Ioan Paul Rafail, who bought a plot of land of about 3,200 square meters from Globalworth located on Şoseaua Nordului, across the street from Parcul Herastrău. Two luxury apartment buildings are now being built on this land, joined at ground level by a connecting building. The entire project will have two underground levels common for parking and 5 above-ground floors, plus a mezzanine. The project envisages the construction of only 31 apartments, but their useful areas are huge, compared to the market standard, that is, they range between 156 square meters and 551 square meters. The cheapest apartment in the complex has a price of about EUR 2 million, and the price for the penthouse reaches almost EUR 12 million. Source: Profit.ro