50% apartment sales at Lake View Condominium, in Romania
Tuesday, May 4, 2004
PRESS RELEASE
LAMDA OLYMPIC Srl marks success with 50% apartment sales at Lake View Condominium in Romania
LAMDA OLYMPIC Srl offers a brand new residential real estate proposition in Romania
Bucharest, Romania - LAMDA OLYMPIC Srl announced that 50% of the Lake View Condominium apartments have already been sold as of April 2004. Recognized by the Romanian real estate industry as The Most Important Residential Project, Lake View Condominium offers a truly unique residential proposition (Lake View Condominium was recognized with the Most Important Residential Project award in Bucharest during the conference Home & Office Building Success and Awards Gala for Excellence, organized by the Romanian newspaper Bucharest Business Week).
The developer of Lake View Condominium, LAMDA Olympic Srl, is the result of a dynamic 50/50 partnership between LAMDA Development and Technical Olympic. LAMDA Olympic Srl has been operating in the Romanian real estate market since 2002.
Launched in 2002, the investments construction work is progressing steadily and apartment sales are continuing at a rapid pace, with an average of four to five apartment sales per month. Adhering successfully to the investments initial plans, Lake View Condominium is scheduled for completion in June 2004 with a total budget of $20 million.
Strategically located between the Herastrau and Floreasca lakes, residents of Lake View Condominium can enjoy a combination of natural beauty and proximity to the city centre as well as the Bucharest Otopeni International Airport.
For the first time, residents of Romania can enjoy homes that successfully combine innovative functionality, security, convenience and privacy.
Lake View Condominium is an exceptional residential real estate investment surrounded by 5,200 m2 of green areas. Tenants can enjoy a wide range of facilities, including: a 263 m2 swimming pool with water heating, underwater lighting filtering and re-circulation systems; athletic facilities; pedestrian-friendly streets; a park; and a mini-market. The complex also provides more than 100 underground parking spaces, as well as independent automatic heating and centralized security and alarm systems for each apartment.
Finally, Lake View Condominium tenants can enjoy optimum security and daily cleaning and maintenance of the building through the specialized services of a property management company.
LAMDA Development
LAMDA Development S.A., listed on the main market of the Athens Stock Exchange, is a holding company investing in the development of land, sea and air infrastructure. Combining a strong entrepreneurial drive, specialist international expertise, expert management, powerful strategic allies (Deutsche Bank, EFG Bank Group, Hochtief, Bilfinger Berger, Strabag, Swissport International, Sonae Imobiliaria) and with the business credibility and financial strength of the Latsis Group, LAMDA Development shapes and connects the business areas it is active in, creating growth, reaping synergies and providing value to both its clients and shareholders.
The LAMDA Development group of companies offers its clients integrated business solutions and high quality services and products at competitive prices. Its focus on complementary infrastructure sectors extends to real estate, marinas and yacht maintenance and refurbishment as well as airport services. At the forefront of exploiting numerous opportunities arising from regional developments, such as industry deregulation, Greeces entry into the Euro Zone with the adoption of the Euro, and the preparation for the Athens 2004 Olympic Games, the LAMDA Development group of companies is leveraging its presence in Greece and neighbouring countries to play a leading role in the modernization and development of Southeastern Europe.
For more information, please contact CIVITAS:
Nectaria Metrakou: +30 210 6835404; [email protected]
Elpida Tachmitzaki: +30 210 6852400, ext. 229; [email protected]