1.02.2024
Redport Group, founded in 2016 by Cosmin Savu-Cristescu, announces a turnover of over 100 million lei for the year 2023. Over the past few years, the company has secured a land portfolio of over six hectares in the Petrom City – Străulești – Dămăroaia area.
Within the projects The Level Apartments and Infinity Nord, Redport Capital will develop over 2,000 apartments and 15,000 sqm of commercial spaces. The total gross development volume exceeds 350 million Euros.
During 2023, Redport Capital fully delivered and sold Phase II of The Level Apartments project and traded over 200 units across all the group’s projects, thereby contributing to a consolidated turnover of over 100 million Lei.
The reported results can be credited to a balanced and efficient mix between a quality product at a fair price and the strategic choice of the Străulești area, which is already emerging as the New North of Bucharest and one of the main hubs for sustainable development in the capital, providing an innovative and modern environment for future homeowners.
“We are pleased to announce the achievement of our financial objectives for 2023, showcasing our commitment to quality and excellence in all aspects of our business. The Level Apartments project has been a remarkable success, marking a significant milestone in the evolution of Redport Capital, and the launch of Infinity Nord will be both a natural extension of our portfolio and a testimony to our long-term vision for sustainable urban development”, Cosmin Savu-Cristescu, Managing Director of Redport Capital said.