Rădăcini Estate, the real estate division of the Romanian group Rădăcini owned by Ali Madadi, is investing EUR 15 mln in a new residential project in Bucharest.

Named 303 by Rădăcini, the new project will be located on a 6,000 square meters (sqm) plot of land in the Sisești area, opposite the 47-hectare plot of land of Vastint Romania. The project has 74 housing units: studios, apartments with two or three rooms and four duplexes, but also 94 parking spaces.

This is the second large-scale project of Rădăcini Estate after Aviation Tower, an investment of UR 50 mln.

(Photo courtesy of the company)

andrei@romania-insider.com