Residential Development, Romania
LAMDA Development announces the signing, through its 100% subsidiary company in Romania LAMDA Development Romania SrL, of a pre sale agreement for a plot of land of 10.000 sq.m in Bucharest and more precisely in New Bucharest, which is situated in the northern part of the city. This area which is 10 klm away from the city center is mainly comprised of quality residential developments.
The cost of this plot reached 4,7 million and the company will develop residences of 15.000 sq.m.
The total cost of the development is estimated to reach 18 million.