Developer of Coresi Mall Brasov looking at Resita for a possible new real estate project

Newsroom 01/11/2018 | 09:50

The Local Council of Resita, a city located in the Banat region of Western Romania, has approved the acquisition of 27 hectares of land from the city’s steelworks plant, for around EUR 2 million.

Resita Mayor Ioan Popa said at Business Review’s Foreign Investors Summit that he wants to develop a social inclusion project with apartments. For another area, named Triaj and Mociur – Turnate, the Mayor wants to develop an ample project, including a funicular, but also the greening of the slag pit with EU funds as well as a park to connect the Lunca Barzavei neighborhood with an area where a mall, an aquapark and jogging venues will be built.

According to the Mayor, developer Ceetrus, formerly Immochan, is interested, but the project is in a very early stage.

”As stated by Mayor Popa, we are in the very early stage of looking at land and analyzing whether to start a project in Resita and what it would include. We have no defined plan yet, and it is too early to announce a concept or possible partnership with the city hall,” Ceetrus representatives told BR.