Ocif Group tries to buck market with sales scheme for Vivando Unirii project

“Recently, we have witnessed increasing interest from potential buyers in under-construction residential projects. During the real estate national trade fair (TNL), we will make a promotional offer which grants a EUR 300 per month allowance to buyers of a residential unit in Vivando Unirii. The allowance will be granted for three years and will start once the apartment is delivered to the owner,” said Cristina Danila, marketing director of Ocif Group.
So far, according to the developer, Vivando Unirii has sold 30 percent of a total of 110 apartments, with the highest demand for apartments of two and three rooms priced at an average of EUR 2,100-2,200 per sqm, without VAT. Vivando Unirii comprises six blocks of 110 apartments built on an 8,000-sqm plot near Unirii Square, acquired in 2006.
In February this year, Ocif Group assigned Libby Weizman as the company's new general manager. Last year, the developer announced EUR 200 million of investment in Romania until 2010, following a partnership with investment bank LCF Rothschild Group. The two companies have partnered so far for two residential projects in Bucharest: Vivando Unirii, which will require a EUR 20 million investment, and a second residential project, to be located on 90,000 sqm land in Pipera.
Magda Purice