Turkey’s Caba Group real estate development company has launched the 102 The Address project, a mixed real estate concept involving a 50 million euro investment. Located on Barbu Vacarescu Street, the residential project will also have office space and 2,900 square meters of commercial space.
Project 102 The Address will comprise 273 two, three and four-room apartments that are due for completion in late 2019, but also an office and a commercial one. The ensemble is served by 503 parking spaces, both overground and underground, which will be distributed over three floors. For the sale of apartments, the Turks have concluded an exclusive representation agreement with Premier Estate Management, a real estate consultancy company headed by Andreea Comsa.
The partner bank of the project is Garanti Bank. The developer also inaugurated a showroom that includes a natural-sized apartment whose arrangement meant an investment of 500,000 euros. The developer’s intentions are to start other projects in the capital, and the value of future investments could amount to 100 million euros, the company’s representatives show.