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Cordia plans Bucharest project

Alex Hayes 17 July 2017

Alex Hayes

Journalist

+48 22 356 25 20
alex.hayes@eurobuildcee.com

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

Cordia plans Bucharest project
The site of the new proposed estate
ROMANIA Futureal subsidiary Cordia has re-entered Bucharest with a 400 apartment project to be built on 13 plots with an area of 15,336 sqm.

The land near Romexpo, World Trade Center and ANL Romexpo Residential Complex was purchased at auction with financing from Alpha Bank. Local site conditions allow for the construction of buildings of up to eleven storeys high. Each apartment is to have between one and four rooms with a total useable area of around 34,000 sqm. “Cordia aims to become the largest regional residential developer in CEE and SEE markets,” said Gábor Futó, the founder of Futureal Group. "The economies of the regional countries are growing, interest rates are low, the return on mortgage financing is outstanding. Cordia’s expansion plans are backed by significant market demand and a limited number of high quality residential buildings in our target countries,” he added.


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