A 30 mln euro residential compound to be established near the Herastrau Lake

A new real estate project has been launched in Bucharest, a luxury residential compound developed by SKV Properties, located near the Herastrau Lake. Requiring investment of 30 million euro, the Gafencu project is scheduled for completion in the first quarter of 2016, reads Mediafax.

The residential compound comprises 110 apartments and will have a total area of 35,000 sqm divided on 11 storeys. It will also include a parking lot of 175 spaces, as well as sports and leisure facilities.

According to the same source, the offer includes 2-, 3-,4- and 5-room apartments with prices ranging from 139,000 euro to 700,000 euro given that the prices start at 1,500 euro/sqm and can rise up to 2,500 euro/mp, depending on which storey the unit is positioned – for the 2 to 5 storeys the lower prices apply, whereas flats on the upper storeys are more expensive.