FADESA continues its launch strategy in fast-growing European countries with the beginning of its activity in Romania, where it will invest €1,050 million on the building of five real estate projects comprising more than 16,300 homes. The developments will be located in the cities of Bucharest and Bacau.
The most important project will take place in the Romanian capital, where FADESA is going to develop a large-scale housing project. With an approximate investment of €850 million, the development will feature about 12,000 homes, and will be built in Stefanesti de Jos (northeast of Bucharest). In total, the project will cover a surface of 640,118 m².
The other developments will take place in different areas of the city of Bacau, which is 300 km from Bucharest and has a population of 210,000. FADESA will build more than 4,300 homes distributed over four low-density residential projects set in the districts of Serbanesti, Stefan Cel Mare, Margineni and Marasesti.
These projects reinforce FADESA's position as one of the leading Spanish property developers working abroad, following its plan to establish itself internationally, which, up to now, has led the company to be present in Morocco, Portugal, France, Hungary, Poland, Mexico, Bulgaria, and now, Romania.