Ibiza expands to Baneasa

Spanish company Ibiza Construct will invest $2.5 million in a new residential complex located in the Baneasa-Iancu Nicolae area, close to another project of the same company. Ibiza Construct is currently building the Ibiza residential complex, comprised of 18 villas, under an investment worth 2.5 million dollars, as well. The works were kicked off in November 2001 and will be completed this fall, said Luis Gabarro Castillo, the company’s general manager. ZF