Real estate investor-developer Hagag Development Europe has received a new building permit allowing the company to upgrade the façade design and optimize interior partitions for H East Residence. Construction works on the four residential buildings in phase I will resume in the following days, with an estimated completion timeline of about 18 months. To date, 50% of the units available for sale are pre-contracted, respectively reserved. Phase I will be completed following an investment of EUR 43 million and will deliver four mid-rise buildings with six- and eleven-storey, comprising a total number of 273 apartments served by 400 underground and above-ground parking spaces, 2,000 square meters of commercial space, charging points for electric vehicles, a playground and over 2,000 square meters of green areas. “We are pleased to announce that Hagag Development Europe has received the green light to implement all corrections, improvements, and upgrades related to the project’s initial design theme, as proposed and submitted by our team when taking over the compound last year. We are resuming the site in a very favourable context for our company, as over 50% of the units available for sale are now pre-contracted, respectively reserved, while our team is dealing with an increasing demand volume. This is an outstanding progress that encourages us to build our sales strategy on a positive forecast. We expect to keep this brisk pace of sales in the upcoming months as well, and deliver a sold-out phase I by the time of completion,” said Andreea Dumitru, Chief Marketing Officer at Hagag Development Europe.