Opus Land Development sold homes of EUR 30 M in 2016. Over 500 new units, the target for this year

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Opus Land Development, the developer of Cosmopolis, the biggest residential complex located in the north area of Bucharest, aims to sell this year 540 new homes and to continue the infrastructure’s development within the complex.

“Our goal for 2017 is to maintain the sales like the year before with a slight increase and to reach 540 sold units. Last year we sold 470 units, with a total value of EUR 30 million and we recorded a sales increase of 10 percent compared to 2015. This year we will keep investing in general development and infrastructure of Cosmopolis,” Ahmet Buyukhanli, CEO Opus Land Development stated, a press release informs.

At this moment, in Cosmopolis are completed 2,300 apartments and villas, counting over 4.500 residents. “Due to the stage reached, it may be considered one of the largest communities within a local residential project,” the release also reads.

In addition, last year, inside the residential complex was built the strip mall, Cosmopolis Plaza, after an investment of EUR 2.2 million. It already has opened stores like the ones dedicated to children, a pharmacy, a dry cleaning, a pet-shop a.s.o. Other stores will open in 2017, the occupancy rate reaching 90 percent in April.

The selling price of a residential unit in Cosmopolis starts at EUR 35,000 and it could reach EUR 150,000, excluding custom villas.

Of the total units for sale last year, studios and apartments with two rooms were best received among buyers, with 58 percent rate, followed by villas (27 percent) and three-room apartments having 15 percent rate of total sales.

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