The residential project includes a second phase estimated at EUR 55 million.
The complex is part of the Global City mixed use project which also includes the office project Business Park. The total investment in the Global City project will reach EUR 200 million.
The site will be made up of four buildings, comprising 381 housing units with surfaces ranging from 50 to 200 sqm, divided into studios, two-room apartments, three-room apartments, four-room apartments and duplexes. The residential compound will be built on a 22,000-sqm piece of land.
Global Finance is looking to develop two other real estate projects, the residential compound Global Gardens, next to the American School, and Global Plaza Floreasca, a mixed project in the immediate vicinity of Floreasca Park, which will include office space, shopping galleries and deluxe apartments.