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Austrian Immofinanz Has 42 Residential Projects In Romania

Austrian Immofinanz has 42 residential projects in Romania, with a total surface of 1.4 million square meters upon completion, with most of the property located in Bucharest or its surroundings.

Andrei Cîrchelan · 7 decembrie 2011 · 1 min de citit

Thus, if the average surface of a home is 90 sqm, roughly the average surface of flats built by the company in Bucharest, then the group ultimately plans to build over 15,000 flats in Romania, thus becoming the largest developer on the local residential market.

Among the 42 projects unfolded in Romania, 29 were in the portfolio of realty developer Adama, which was taken over by the Austrian group earlier this year.

Most of the residential buildings are located in Bucharest (17) and Pipera and Snagov (3). Another six projects are in Brasov, and the rest are in Oradea, Cluj, Bacau, Ploiesti, Timisoara, Baia Mare, Satu Mare, Arad, Suceava, Iasi and Piatra Neamt.

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