Hagag Development to build resi scheme in Bucharest

by   CIJ News iDesk V
2018-06-19   10:19
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Hagag Development Europe, part of Israel’s Hagag Group, is planning a new apartment project for Bucharest’s Primaverii neighborhood. To go up on a 2,000 sqm plot on Mircea Eliade boulevard, H Eliade 9 Residence will feature 35 luxury apartments and 70 parking spots. The total build area of approximately 6,000 sqm. Currently, 25 percent of the units are already reserved. H Eliade 9 Residence is in the design phase, with completion planned for 2020.
“We are confident in the ability of the Romanian market to attract investment in the real estate sector, and we are also aware that real estate has to be in line with current trends,” said Yitzhak Hagag, president of the Hagag Group Israel. “Based on these considerations, we intend to focus on delivering projects covering both residential and office buildings. Adjacent to the ongoing projects, we are planning new developments and continue to maintain our interest in luxury projects.”