Novum buys land plot near Carol Park, for new residential development

Novum Invest will develop a new residential project in Bucharest with over 500 units, near Carol Park.

The total area of the land is 15.100 sqm and the transaction was closed with Crosspoint Real Estate as sole advisor.

The plot was considered by many developers, both local and international.

Planned to be developed in two phases, the project will consist of 5 residential buildings, a kindergarden and commercial spaces.

The new project value is estimated to be around EUR 65 millions.

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