British Romanian Investment Partnership builds New Residence Bucharest, investing EUR 10 M

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British Romanian Investment Partnership, part of the British investment fund ARDC (UK) Ltd, develops its second residential project in Romania – New Residence Bucharest complex, comprising 24,000 sqm build on a plot of 10,000 sqm, a press release informs.

Following a EUR 10 million investment, New Residence Bucharest, the residential complex located in Drumul Taberei neighborhood will comprise 216 turnkey apartments, with English style architecture and low height structure.

Currently, the project is in its first phase of construction, which will be completed in December this year and the entire project is scheduled to be delivered in the spring of 2017.

’New Residence Bucharest is a special residential project, both in terms of architecture and facilities. As well as before, we took into account the criteria underlying the choice of a home, whether it’s about quality, price, accessibility and comfort. We are inspired by the idea of making happy this year hundreds of families in a residential complex with facilities carefully chosen and also to provide quality housing at an accessible price,” said Cristian Mercioniu, General Manager New Residence.

New Residence Bucharest will have studios and apartments of 2 and 3 bedrooms and it will be built on a solid structure according to anti-seismic norms in force. Those 45 studios will be available in 5 different models and will be positioned at both 1st and 2nd floors or at the attic, some of them having a special architecture with triangular form. The 117 two-bedroom apartments of 57 to 77 sqm will be available in 13 different types with one or two balconies. More, New Residence project will also include 5 types of apartments with three rooms, figuring 54 units with 85 sqm to 95 sqm.

The residential complex will offer modern facilities such as secured common areas, elevators, private parks, social club, parking, 14 commercial properties, supermarket, gym, afterschool, pharmacy and playgrounds for children.

Moreover, near New Residence are located shopping centers, schools, kindergartens, health clinics, public transport, in order to complete the whole map of facilities.

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