My Dream Residence developer files for insolvency to protect project

Newsroom 14/12/2009 | 11:08

Developer Plus Development, which was working on the My Dream Residence project in the Pipera area of Bucharest, has applied for insolvency, after running up EUR 20 million of debt. The company said it had made the application to protect its real estate project against creditors. Plus Development has completed the project but is currently involved in litigation with the general contractor, which had previously called for the developer to be made insolvent. The My Dream Residence project was expected to cost EUR 30 million to complete.

Staff

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue