Anchor Grup has kicked off the development of Select Residences, a new residential complex that will be developed in Bucharest following an investment of €40 million.
The project will include 347 apartments and a total built area of around 47,000 sqm. The homes will be delivered in the second half of 2024.
”We had a successful experience with the development of InCity Residences and Pallady Towers, so we chose to continue investing in the residential segment, which has a great potential, given that the number of homes delivered, but also of those sold in the Capital, is on an upward trend in recent years. Select Residences complex is designed for young, active professionals who work in corporations or have their own businesses and who appreciate premium urban concepts, as well as for active young families who need comfort,” said Affan Yildirim, General Manager, Board Member of Anchor Grup and Board Member of Shopping MallDova.
Anchor Grup secured a financing of around €20 million from Libra Internet Bank for the new project.
The developer’s total investments in Romania exceed €500 million and include residential, office and retail projects.