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Overseas Property News
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Irish firm to build 462 homes in Romania
Country: Romania
2 March 2009
Irish developer Black Pearl has announced plans to construct 462 residential property in Romania this year, 310 of which will be built in Mogosoaia in northern Bucharest, reports Ziarul Financiar.
Construction work on the project – the first phase of the development will eventually have 1,200 homes – is scheduled to commence in March. The off-plan price of a studio flat starts from £40,000, while the price of a two-bedroom apartment is in the region of £60,000 to £100,00 (excluding VAT).
In Q2 of this year, building work will get underway on the first 90 homes in the first stage of a project in Ploiesti and on 62 homes in Baia Mare. The total investment costs of these projects come to around £18m – half of which has been secured by a loan from UniCredit bank. Black pearl has recently invested £90m in buying up Romanian land.
See Also: Romania
Some properties in Romania
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Price: 25 Euro/sqm
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Type: Land
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SECOND LAND
Long: 657 meters - opening to the access road
Wide: 32 meters
Total of ~21000 sqm
The requested price for this land is 25 EUR/sqm
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View details | Enquire further
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Price: 25 Euro/sqm
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Type: Land
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FIRST LAND
Long: 834 meters
Wide: 21 meters - open access to the highway
Total of ~17500 sqm
The requested price for this land is 25 EUR/sqm
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View details | Enquire further
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Price: 35 Euro/sqm
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Type: Land
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THIRD LAND
Long: 489 meters
Wide: 42 meters - open access to the highway
Total of ~20500 sqm
The requested price for this land is 35 EUR/sqm
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View details | Enquire further
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