Home Homepage Prime Kapital launches EUR 330 mln Cluj project

Prime Kapital launches EUR 330 mln Cluj project

US real estate investor Prime Kapital has announced that it is to develop a large-scale urban regeneration project on a brownfield site in Cluj-Napoca in northwest Romania. The 17.1 ha industrial site close to the city centre is to be redeveloped into a multifunctional complex in an investment of more than EUR 330 mln, according to Eurobuildcee.com.

It will feature a 73,300 sqm gla shopping centre, 1,461 apartments (113,500 sqm gsa) and 49,200 sqm gla of offices.

The project will also include a contribution to the local authorities’ plans for the development of the city’s infrastructure.

Prime Kapital’s local investment partner is MAS REI, which has a 40 pct holding in the project.

Read more HERE

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