September 20 (SeeNews) - Real Estate Developments, a wholly-owned unit of the Netherlands-based Dynamic Group, will invest over 80 million euro ($88.4 million) in the construction of a new residential compound in Bulgaria's capital Sofia, local media reported.
The estimated investment in the River Park project situated at the foot of the Vitosha mountain does not include the price of the land, news outlet Investor.bg reported on Thursday.
Works on the River Park project, including the demolition of unfinished buildings located on the site of the future residential complex, started last month and are planned to continue until the end of the year.
The project envisages the construction of 352 residential buildings of different types.
($ = 0.90351 euro)