The prestigious flagship project of InteRo in Bucharest
is transforming the Obor Market neighborhood.
50% equity investment with the remainder financed by a leading bank.
Expected return: 8%–12%.
It is an entire neighborhood currently being developed in one of the most strategic locations in the city of Bucharest — next to the renewed Obor Market, which is expected to become one of the leading tourist hubs in Bucharest and create a continuous flow of renters.
The first residential tower for short-term rentals is currently under construction.
99 units are being marketed exclusively to the Israeli market — with a simple and direct purchase process through the company’s representatives in Israel.
The project contains a perfect and balanced mix of uses – residential towers, office towers, a business and commercial complex, restaurants, a supermarket, kindergartens, pools, gyms and a variety of green parks on different levels. All of these together create a community living space – urban, modern and high-quality.
Construction of phase one of the residential towers will begin in the last quarter of this year, after which additional residential towers will be built alongside the business tower and retail and commercial areas.
The project is located next to the Obor Market, the central market of Bucharest, which has been a major landmark in the city throughout its history and is currently undergoing a massive renovation and is set to become one of the largest tourist attractions in Eastern Europe. The market includes enclosed buildings containing: a vegetable market, a housewares market, a fish market, a meat market, a cheese market, a large clothing bazaar, and more.
Ubor Square (located next to the market) is at the end of the entrance avenue to the city. Being a critical intersection in the city, the square serves as a central intersection for various public transportation such as the light rail, buses, and the various metro lines, all of which meet at the square itself.
An average of 20,000 people pass through the market itself per day (the number is set to double dozens of times after the renovation) and about 50,000 people pass through the metro station per day.
Bucharest, the capital of Romania, is leading the country’s economic boom. Romania has enjoyed steady growth in recent years, particularly in the capital, which now has 1.7 million residents in the city itself and 2.2 million in the entire metropolis. The growth is affecting real estate demand throughout the city, both in the residential and commercial sectors.
The city’s location in southeastern Europe makes it an attractive destination for companies pursuing a growth strategy in Eastern Europe and the Balkans.
The city’s location in southeastern Europe makes it an attractive destination for companies pursuing a growth strategy in Eastern Europe and the Balkans.
Starting from €150,000
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