July 27 (SeeNews) - Romanian luxury real estate developer Nordis Group said on Tuesday that it is investing 15 million euro ($17.7 million) in a new residential complex in Bucharest.
Works on the 9,000 sq m complex have begun and Nordis estimates that it will complete the project in December 2022, it said in a press release.
Nordis View will have 51 apartments.
Nordis Group was established in 2008 and comprises seven companies active in the hotel industry, real estate development, construction, real estate consulting, architectural services and real estate management.
In April, Nordis said that it plans to start works on a 200 million euro hotel and residential compound in Mamaia seaside resort this year.
In March, Nordis announced that it plans to invest 31 million euro in the construction of a hotel and residential complex in the central city of Brasov, and that it has completed the construction of Nordis Primaverii Boutique residential building in Bucharest, following an investment of 8 million euro.
($=0.849 euro)