Ovidiu Sandor invests in residential project in Timisoara

Newsroom 07/06/2016 | 16:22

Romanian businessman Ovidiu Sandor has bought a five hectares plot of land in Timisoara where he will build a residential project, the entrepreneur has announced. Sandor, whose name is connected to two important office projects in western Romania, says the project will feature some 1,200 apartments the first of which will be up for sale over the next months.

“We have been interested in this plot of land for a long time because its position makes it ideal for a large scale investment that would revolutionize Timisoara’s residential market,” said Sandor. The project will comprise several apartment blocks with housing units as large as three-bedroom apartments. It will offer access to green areas, commercial spaces, restaurants, cafes, playground, kindergarten, afterschool and various sports facilities.

The project will also feature office space.

Sandor has a strong background in the real estate sector. The businessman developed the City Business Centre office project in Timisoara which he sold to NEPI in early 2012 for an estimated EUR 90 million. He is now developing another office project – The Office – in partnership with the real estate investment fund in Cluj-Napoca.

Simona Bazavan

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