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.