Redport Capital and Mobexpert of Romania have revealed details of a €150 mln investment in a large-scale residential project, called Infinity Nord.
Infinity Nord is to be one of the largest residential developments in the north of Bucharest.
Design International, the London-based architect, has drawn up the plans.
The new development is in the Strauleti area, and covers 44,000 m2, with a total buildable area of 125,000 m2. The four phases of the project will comprise a total of 1,250 apartments, retail spaces, medical and educational facilities, as well as 1,500 parking spaces.
Total investment is estimated at €150 mln.
Redport Capital is a company founded in 2016 by Cosmin Savu-Cristescu and represents a group of companies specialized in construction, investment, development and management of real estate projects. It has so far completed The Level Apartments I and The Level Apartments II projects, totalling 175 apartments following investments of €16mln.
Mobexpert is a company of Dan Sucu concentrating on furniture production and retailing. He is the main shareholder of the Rapid Bucharest football team.
He said Infinity Nord would be a ‘destination for all’ in the north of the Capital.
Construction is slated this autumn and completion due in 2030.
Chiara Braida, design manager at Design International, said: ‘Together with Redport Capital, we will give Bucharest a new image, that of an international city.’
Cosmin Savu-Cristescu, MD and majority shareholder of the Redport Group, said it was designed around 'unique and futuristic elements.'
