Anchor Group develops EUR 40 mln premium residential complex in Bucharest

Anchor Grup, one of the top players in the real estate market in Romania, announced on May 3 the development of a new premium residential complex in Bucharest, with a planned investment of EUR 40 million. About half of the investment value is covered by financing from Libra Internet Bank, the partner bank in the project’s development.

Select Residences will include 347 apartments (studios, two and three rooms and duplexes) with surfaces ranging from 63 to 246 built sqm and terraces of up to 37 sqm. Covering 8.500 sqm of land, the project also includes green areas and underground parking that connects all three buildings.

Anchor Grup has already started the construction of the Select Residences project situated near InCity Residences, with delivery estimated for the second half of 2024.

Anchor Grup is a company with over 25 years of experience in the Romanian real estate market. The company’s residential portfolio includes three projects - InCity Residences with 502 apartments, Pallady Towers with 204 apartments, and Select Residences with 347 apartments.

(Photo source: the company)