Asset Management slashes planned Casa Nova Residence investment

Construction works on the project have already been started, with the first phase of the project, which comprises 88 individual houses, having already been sold. Works on this phase should be completed in summer next year. The second phase of the project will include 212 individual villas and duplexes and 300 apartments, on some 35,000 sqm in total. Other facilities, such as a school, kindergarten, hospital, club and tennis courts, will also be built in this second phase. The entire project is due for completion in 2010. Asset Management has other projects in its portfolio, such as Solaria Residence and Bectro Office Building Unirea.
Corina Saceanu