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Tag: Gran Via

  • Gran Via, over 2.000 apartments delivered on the Romanian market

    Gran Via, over 2.000 apartments delivered on the Romanian market

    The Spanish developer Gran Via Real Estate crosses the 2.000 apartments delivered on the Romanian market milestone in 2020, with the completion of the last phase of the Timișoara 58 project – 300 apartments.

    Timișoara 58 project has been developed since 2013, in four construction phases, on a 32.000 sq m plot of land (former Frigocom industrial platform) totaling an investment of EUR 45 million in land acquisition, infrastructure, 7 blocks and various facilities such as parking spaces, driveways or playgrounds for tenants.

    “The last years have represented a team effort for us, reaching the end of 2019 with 1,800 finalized apartments. 2020 is a year of change and we considered it opportune, once the milestone of 2,000 apartments is exceeded, to redefine the Gran Via brand in a contemporary way”, explains Ana Maria Nemțanu, Sales & Marketing Director, Gran Via Romania.

    Until last year, 500 apartments were delivered, and, after the completion of the final phase, the entire community will count 800 units: studios, two and three rooms, as well as duplex apartments.

    All apartments fall within the 5% VAT rate.

  • Gran Via Real Estate completes Timisoara 58 residential project in 2020

    Gran Via Real Estate completes Timisoara 58 residential project in 2020

    Gran Via Real Estate completes this year the development of the former factory Frigocom, at the crossroads of Timișoara Boulevard and Moinești Street in Bucharest, Timisoara 58 residential compound.

    The company is working on the final phase of the project, representing two blocks with 300 apartments, totaling an investment of 18 million EUR in construction only.  

    „For these last blocks the structure was completed, and now we are working on the interior partitions. According to the  working pace, we estimate that the delivery will be made in the third quarter of this year”, explains Ana Maria Nemțanu, Sales & Marketing Director, Gran Via Romania, adding: ”Of the 300 apartments, 60% have already been pre-contracted, with an average monthly sales of 20 units.”

    The project Timisoara 58 has been developed starting with 2013, in four phases of construction, on a land of 32,000 sqm (former industrial platform Frigocom) totaling an investment of 40 million EUR in the purchase of land, infrastructure, seven blocks and various facilities such as parking spaces, driveways or playgrounds for tenants.

    Until last year, 500 apartments were delivered, and after the completion of the last phase, the entire community will count 800 units: simple and double studios, two and three rooms, as well as duplex apartments.

  • Gran Via investments on Romanian market exceeded €200 million

    Gran Via investments on Romanian market exceeded €200 million

    • Gran Via Real Estate has invested in Romania in the last 15 years more than 200 million euros and completed until the end of 2019 about 1,800 apartments.
    • The company has specialized in the re-conversion of former industrial lots into residential projects, communities where thousands of families have started a new life.

    The first project of Gran Via Real Estate in Romania, Timisoara 58, was developed on the site of the former factory Frigocom, on Timisoara Boulevard, where 500 apartments were delivered until now.

    Also in Sector 6, on the site of the former factory Electrotehnica, the developer built Gran Via Park, a large assembly, where 1,000 apartments were delivered in three phases.

    Last year, Gran Via completed its first project in Sector 1, Aviatiei Apartments, with 291 apartments, built on the former plot of Paste Baneasa.

    The complex is composed of four six-story buildings, gathered around a 1,000 sqm interior courtyard where green spaces, a playground and areas dedicated to relaxing and socializing residents were designed.

    ”Right now, we are one of the most active residential developers on the Romanian market with projects on three different market niches: mass-market, middle-market and premium”, said Antoanela Comsa, general manager Gran Via Romania.

    She adds: „For 2020, the main challenge for residential developers is the labor force crisis in the construction industry with direct impact on the cost pressure and of the delivery dates.”

    In 2020 the Spanish-based developer is working on the final phase of the Timisoara 58 assembly (300 apartments) and will complete the first stage of the Gran Via Marina project in Constanta ( 192 apartments). At the same time, the company is preparing new phases in the Gran Via Park and Aviatiei Apartments projects.