Central European developer Orco Property Group said on Wednesday that it has sold 63% of the residential part of its Citadela project in Prague. In a statement, the company said that the apartments were sold shortly after the launch of the marketing programme in April and one year before completion of the project. The average price of the apartments is approximately EUR 2,100 per m[sup]2[/sup]. The construction of Citadela is led by contractors Prumstav, with financing provided by Komercní Banka.
Central European developer Orco Property Group said on Wednesday that it has sold 63% of the residential part of its Citadela project in Prague. In a statement, the company said that the apartments were sold shortly after the launch of the marketing programme in April and one year before completion of the project. The average price of the apartments is approximately EUR 2,100 per m2. The construction of Citadela is led by contractors Prumstav, with financing provided by Komercní Banka.
'The success of Citadela and the fact that we have managed to sell 63% of all units within a short period of time is proof that Orco's sales strategy continues to entice customers away from our competitors due to our dedication to great service, practical design, and diligence in acquiring the right land and projects,' said Jason Cahill, sales and marketing director of Orco Property Group. Citadela will consist of 100 apartments ranging between 36 - 90 m2.
