Interdraw has obtained the building permit for Sungate Apartments, a residential project with 248 apartments in Bucharest. The market value of the investment is over EUR 30 mln.
The Sungate Apartments residential project will be built on a plot of approx. 7,700 sqm and will include three apartment buildings with the highest comprising 11 floors. The project also includes commercial spaces on the ground floor of each building, designed for hypermarkets, pharmacies, coffee shops or essential service providers.
Sungate Apartments represents Interdraw's first major investment on the Bucharest residential market. We have been preparing this project for some time and we are happy to have managed to take the step towards the development of such a large-scale residential development. We have an integrated team of consultants, designers, architects, and collaborators who aim to transform this project into a Western housing option, competitive with those recently built in the popular Theodor Pallady area.
Ulisse Gheduzzi, founder of Interdraw
Sungate Apartments includes 248 studios, one-, two- and three-bedroom apartments and will have 297 parking spaces, arranged above and below ground, as well as 2,500 sqm of green space. Premium finishes, underfloor heating, large, glazed surfaces and generous terraces are among the project's advantages. Sungate Apartments is a three-minute walk from Nicolae Teclu metro station and three tram stations. The project is five minutes away from the Pallady shopping hub, which includes Ikea, Leroy Merlin, Metro, Lidl, Auchan, Kaufland, Decathlon, Jumbo and Jysk.
