Romanian entrepreneurs to build wool-insulated building in Bucharest

The nearly-zero energy building (nZEB) will host seven apartments and eleven parking spaces, iO Partners said in a press release on Wednesday.

The project follows Cristian Mercioniu's 30 million euro ($32.8 million) investment in a wool-processing facility in Olt county.

Cristian and Teo Mercioniu have developed and invested in real-estate projects worth more than 100 million euro, according to the press release.

Based in Vienna, iO Partners offers real-estate consultancy services in Romania, Serbia, Czech Republic, Slovakia, and Hungary.

($=0.9159 euro)