RRG to invest €60 million in Bucharest resi project

Business Forum

8 October, 2024 at 10:07 AM

RRG Real Estate Group (RRG) says it will invest €60 million in a Bucharest residential project that will be delivered at the end of 2026.

The first phase of the complex Lakeside 11 comprising 105 will be completed following an investment of €20 million. The group has appointed Consstar Construct as the general contractor of the project.

“In the last 20 years, the Romanian market has matured, and strong competition among developers is now a reality that continues to evolve and expand,” says Maxim Iakovlev, a member of the family that owns the group.

RRG has completed over 100 apartments across two projects in the last years, while the group has been operating locally for 20 years.

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