Stratulat Albulescu has assisted Futureal, a Hungarian real estate investment company, with the acquisition at auction of over 15,000 square meters of land near Poligrafiei Boulevard in Bucharest to build a housing estate. The transaction was worth EUR 3.7 million and was completed on June 14.
According to Stratulat Albulescu, Futureal plans to build approximately 400 apartments in multiple 11-floor buildings. The first phase is scheduled to be finished in 2019.
The Stratulat Albulescu team was led by Managing Partner Silviu Stratulat and Partner Otilia Petrescu, assisted by Senior Associate Cristina Man and Associate Alex Bumbu.