Rotary: 100m euros in business centre

Bucharest-based Rotary Constructii plans to reinvest the funds it will receive from the sale of apartments, scheduled for completion in 2009, in order to build a 100 million-euro business centre, stated the company’s development manager Gabriel Paun. “The business centre is the second stage of the residential centre, Belvedere Residence, which will be completed in 2009. The money collected from the sale of the development will be reinvested in the construction of the new building,” specified Paun. The company has recently announced it will develop four buildings totalling 600 apartments together to Pipera Road, which will be completed in December 2009. The estimated cost of construction stands at approximately 60 million euros.