Redport Capital announces new 13 million EUR investment
22.05.2024
Romanian real estate developer Redport Capital announces construction start for the third phase of The Level project: adding another 105 apartments to this modern residential neighborhood.
The third phase of the project located in the North of Bucharest, in the immediate vicinity of the OMV-Petrom headquarters, will cover an above-ground build surface of approximately 10,000 sqm. By the end of 2025, the project will offer another 105 units: studio, two-, three- and four-room apartments, of which more than 70% are already pre-contracted. The compound will have 136 underground and above-ground parking spaces and over 300 sqm of retail spaces, which will serve both future residents and other residents of the neighborhood.
Cosmin Savu – Cristescu
CEO, Redport Capital
“This ambitious project, initiated in 2017, reflects our confidence in the potential of the Străulești area. The Level Apartments III represents a new chapter in the project’s story, bringing significant technological improvements and reinforcing our commitment to sustainability, while providing easy access to modern amenities.”
The value of the investment in Phase III exceeds 13 million EUR, which will be financed from own funds and bank financing approved by First Bank, the latter covering 8,700,000 EUR, of which 1 million EUR are dedicated to the credit line for VAT.
