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Adama Holding puts EUR 120 million in Ploiesti residential project

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Adama recently kicked off a residential project in Ploiesti, following an investment of EUR 120 million, the company has announced. Named Evocasa Orizont, the project consists of 1,000 villas and apartments with prices ranging from EUR 84,000 for studios to EUR 150,000 for four-room apartments. According to the developer, the first stage of the construction is set to be delivered at the end of 2009. "Evocasa Orizont is the first project built according to a ‘community concept' in Ploiesti, a location defined as strategic for our developments," said David Flusberg, president and founder of Adama. Coldwell Banker Affiliates of Romania, the real estate consultancy and brokerage agency, is the exclusive sales agent for Evocasa Orizont project through the agency's subsidiary in Ploiesti.

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Published Sunday, November 25, 2007 9:13 PM by Stefania Trandafir

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