Stratulat Albulescu has advised Bog’Art Residential on the acquisition of two land plots in Bucharest from OMV Petrom S.A.
According to Stratulat Albulescu, Bog’Art Residential plans to develop the plots, which cover a total of 6,500 square meters, into a 130-apartment residential complex. Construction is due to start in the second half of 2020, while delivery is expected in the first half of 2022.
Bog’Art Residential is the real estate investment division of the Bog’Art Group that is focused on the development of apartments in Bucharest.
Stratulat Albulescu’s team was led by Managing Partner Silviu Stratulat and Partner Corneliu Popa.