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Real estate developer STC Partners has obtained the building permit for the two phases of the Quartier Azuga residential complex to be built in the Doamna Ghica district of Bucharest. Construction is expected to start in November.

The complex has also obtained Green Homes pre-certification. According to the company, this certification and the nZEB standard “guarantee up to 70% savings on gas and electricity bill costs, high air quality, low carbon emissions, low common costs, favorable conditions for accessing a bank loan for the acquisition, and the prospect of reduced taxation in the future.

The development of the first phase will be completed in the first half of 2024, followed by the second phase in parallel, with a deadline to complete the entire project in early 2025.

Quartier Azuga kicked off pre-sales this summer, booking more than 25% of apartments in the first phase so far.

“Customers who have made reservations are mostly end customers, who are buying to become residents in the residential complex, but investors are also showing good interest,” said Adi Steiner, managing partner, STC Partners.

“We estimate that the first phase will be sold within the next year, given the benefits of the project and the great interest shown by customers,” added Alin Popa, director of commercial development, residential, Crosspoint Real Estate, the partner exclusive business. of the project.

STC Partners continues the story of Quartier Gramont, the boutique project near the Palace of Parliament, completed and sold in 2021.

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(Photo source: STC Partners)