Scala Real Estate puts EUR 150 mln in Sabareni houses

Newsroom 14/09/2007 | 16:32

The compound, which will include 300 houses and 400 apartments, will be built on a 100-hectare plot. Construction works should start in autumn this year and are scheduled to end by 2010. The company has already acquired the plot from several individuals and has also received the urban zone planning approval.
It is currently working on the architectural project. The 300 villas will be structured on two floors and built on smaller plots covering between 700 and 1,800 sqm.
The price per sqm will be around EUR 1,000, according to company officials. The investment will be financed through loans from local banks.


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