It will start work on a housing compound called Belvedere Residence in Pipera.
The EUR 60 million investment will go toward four blocks comprising more than 530 apartments for customers with high incomes.
The project should be finished by the end of 2009. Rotary is planning to sell all the apartments by November.
It will start building a 33-floor business center close to Belvedere. This second project will require EUR 100 million.
Rotary will finish construction works this year on a 74-apartment building in Bucurestii Noi. The company has invested EUR 7.5 million in the project.