25th floor penthouse sold in Bucharest for EUR 372,000

Newsroom 20/01/2014 | 17:06

An apartment located at the 25th floor in the high-rise apartment tower complex Asmita Gardens in Bucharest has been sold for EUR 372,000, announced Euro Insol, the project’s judicial administrator. The buyer is Mark Hoddinott, an expat.

The apartment is located 92m above ground level, making it the highest-located apartment to be sold in Romania, according to the company. It covers 186 sqm and has a 205 sqm terrace. The apartment can be transformed into a penthouse with a total area of up to 370 sqm.

The now insolvent Asmita Gardens project is located near the Dambovita River, in south-east Bucharest. The complex consists of seven towers comprising 765 apartments. The project was built following a EUR 120 million investment made by Indian company Asmita and the Charlemagne investment fundIt went insolvent in November 2011 following construction litigation with the project’s general contractor, Austrian Strabag.

Simona Bazavan

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