Daramis to invest EUR 12 mln in residential project in northern Bucharest

Ovidiu Posirca 24/05/2018 | 13:17

Czech-based group Daramis has announced that it will finalize this summer investments of EUR 12 million in the project Vita Bella Residence, located in northern Bucharest.

The company acquired at the end of 2017 a residential project, invested in the modernization of the property and then put up for sale 183 apartments, in a re-development scheme.

“We have begun the selling process in March and we have sold up to now 30 percent of the apartments. Our clients are families looking for a bigger home, as well as private investors who acquire apartments and then rent them at an annual yield of 5-6 percent”, said Ariel Bouskila, country manager of Daramis in Romania.

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