Conarg to deliver Rasarit de Soare in September

According to Conarg Real Estate's general manager Romeo Cazanescu, the project's real estate agent CBRE Eurisko has signed sales contracts for 60 percent of the total project. Rasarit de Soare, a EUR 60 million investment, is being built in eastern Bucharest, in the Titan area, on 18,221 sqm. It consists of seven blocks of 988 flats – studios and apartments of two to four rooms – along with 1,224 parking spaces. Last year, the developer estimated that the project would be delivered onto the market at the end of 2009, when it is estimated to reach a market value of EUR 75 million.
Magda Purice