Businessman Ionuț Negoiță, through his company Edificia Construct, is preparing to launch a large-scale residential project in Bucharest. Edificia Construct has acquired a 12-hectare site on the former Cesarom industrial platform in the Preciziei area of Sector 6 for EUR 24 million. The site has the potential to accommodate approximately 3,000 apartments, with total development costs projected to exceed EUR 200 million. Negoiță intends to replicate the type of residential complexes previously developed or currently under construction in the Pallady area. The planned project includes the construction of eleven residential buildings, each with 11 storeys and designed as duplex high-rises. The buildings will also feature six commercial spaces on their ground floors. Beyond residential units, the development plans include a school complex comprising a kindergarten, primary school, and sports field. Additionally, an 11-storey multifunctional building is proposed, intended to house office spaces and various services. Source: economica.net