Bog’Art to develop EUR 20 mln boutique residential complex in downtown Bucharest

Bog’Art Residential, part of the Bog’Art Group, a developer of premium residential properties in Central and Northern Bucharest, acquired a plot of land in an ultra-central area of Bucharest and formed a strategic joint venture with a Spanish investor for the development of a boutique residential complex valued at about EUR 20 million.

The project will be located in a prime area between the Evreiesc and Armenească neighborhoods, according to law firm Pop Briciu Crai, which assisted the developer in the deal.

The new development will feature a diverse mix of units, ranging from two-room apartments to townhouses and penthouses. Additionally, it will include aparthotel units, the same source said.

“This transaction marks a strategic step in expanding our portfolio and reaffirms Bog’Art Residential’s commitment to investing in landmark projects that contribute to Bucharest’s urban transformation,” said Bogdan Letcă, CEO of Bog’Art Residential.

(Photo source:Pop Briciu Crai)