Residential Development Romania

LAMDA Development announces the acquisition through its 100% subsidiary company in Romania “LAMDA Development Romania SrL”, of a plot of land of 11.500 sq.m in Bucharest and more precisely in the northern part of the city. This area is mainly comprised of quality residential developments.

The cost of this plot reached € 10 million and the company will develop a residential complex of 30.000 sq.m., which represent 250 residences. The total cost of the development is estimated to reach € 40 million.