Local real estate developer Construct Aprodex will invest some EUR 10 million to develop a residential compound in Bucharest.

The project, named MetroCity Academiei, is located near the Military Academy and will have 230 apartments.

The first 12-storey apartment block, with 110 apartments, is due by year-end. The other apartment block, a building with two sections, will be built by mid-2016. Garanti Bank finances the project.

The future residential compound is located on a 7,000 sqm plot. It will have underground parking and retail areas on the ground floor.

editor@romania-insider.com