Buzau to get 6m-euro real estate project

Constam Group has entered the real estate market with two projects worth a total of 5.8 million euros. The projects involve the construction of a residential complex and an office building in the city of Buzau. Future plans include housing projects in Bucharest. What will be called the Constam Residential Park and worth 5 million euros will be the first such undertaking in Buzau. “There will be 54 dwellings, namely houses and 4 apartment buildings with 4 apartments each,” said Florentin Octavian Manescu, the general manager of Constam Buzau, a member company of the group. He explained that the houses would cost between 90,000 and 120,000 euros, depending on size, while apartments will sell for 45,000 to 60,000 euros (all prices excluding VAT). Constam will also build an office building to be called the Constam Business Center and with a surface area of 3,000 square metres. This investment will be worth some 800,000 euros and be entirely for rent. ZF