Spanish developer Gran Via Real Estate announces results beyond expectations for 2020 on the Romanian market. Despite two months of lockdown measures due to the pandemic, the company traded 478 residential units, with a total value of EUR 44.2 million, in projects such as Timișoara 58 (phase IV and the last in the development), Aviației Apartments (phase I), Gran Via Park (phase IV and the last in the development) and Gran Via Marina in Constanța (phase I).
“Although we encountered the two months of total lockdown in the spring, we managed to recover during the year, reaching a monthly average of 47 apartments sold,” said Ana Maria Nemțanu, Sales & Marketing Director, Gran Via Romania, adding: “The best-selling products were the two-room units, for which we had the largest stock, but the demand for the three-room apartments exceeded the stock we had.”
In 2021, the developer finalizes phase IV of Timișoara 58 compound in Bucharest and phase I at Gran Via Marina in Constanța, working on phase IV at Gran Via Park. The company plans to launch new phases at Aviației Apartments and Gran Via Marina, as well as a new project in Bucharest.
The first project of Gran Via in Romania was Timișoara 58, built on the former Frigocom platform, in sector 6. The project totals 800 apartments.
The second development was Gran Via Park, near the Plaza Mall, on the site of the former Electrotehnica factory, which today has become the company’s largest project in Romania, with 1,000 apartments completed and another 220 under construction.
Aviaței Apartments is the third Gran Via project in Romania, also built on an industrial lot of Paste Băneasa, in the Aviaței area. In this location, 291 apartments were delivered at the end of 2019.
The fourth project is Gran Via Marina, in Constanța, near Vivo! shopping mall, where the first phase will be handed over this spring, totaling 192 apartments. Upon completion, the entire complex will have about 1,000 apartments.