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Dan Șucu, a local businessman, and Redport have collectively invested 50 million euros in a new residential undertaking position in the eastern sector of Bucharest.

Property tycoon Redport, along with entrepreneur Dan Șucu, proprietor of Mobexpert Group, will be pouring EUR 50 million into a substantial housing project in the east of Bucharest. Known as Vitality Est, the development will sprawl across a 27,000 square-meter land near Pantelimon Park and...

Dan Șucu, a local businessman, and Redport have collectively invested 50 million euros in a new residential undertaking position in the eastern sector of Bucharest.

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🏘️🤝 business titan Dan Șucu and developer Redport are pumping €50 million into a mega residential project, Vitality Est, in eastern Bucharest! 💷🏘️

Located in the picturesque Pantelimon district, nestled between Pantelimon Park and Lake, this massive development promises more than 500 apartments and a whopping 400 square meters of commercial space. 🏰🛍️

Demolition crews will break ground on the first phase of the project shortly, with an expected completion date set in 2026. In total, the development will unfold across three phases, wrapping up in 2028. 🏗️⏰

Redport, a real estate powerhouse founded by Cosmin Savu-Cristescu in 2016, takes the reigns on Vitality Est. The company, which has boasted a turnover of over RON 200 million by 2024, has left its mark on Bucharest with landmark projects like The Level Apartments and Infinity Nord. 🏢🗄️

Speaking of The Level Apartments, the first two of the four phases have already been bestowed upon the city, and construction on the third phase began in mid-2024. The final phase is slated to break ground in 2025. With approximately 480 residential units in total, this project alone showcases Redport's dedication to raising the bar in urban living. 🏠🏙️

But wait, there's more! Bucharest's largest urban regeneration project, Infinity Nord, will sprawl across three phases, housing over 1,200 apartments. The development will also feature retail, educational, healthcare, sports, and leisure spaces – because life's a beach, right? 🏊‍♂️🎓

Keen on expanding further, Redport owns 1,700 future apartments and 15,000 square meters of commercial space in the New North of Bucharest, slated for development over the ensuing five years. 📣🏗️

дан suecu's Mobexpert Group, established in 1993, covers eight factories in four production centers, three logistics platforms, and a network of 27 stores. Roughly 65% of the goods stocked in Mobexpert's stores are homemade products! 🛍️🇧

  1. Dan Șucu's Mobexpert Group, with its significant presence in Romania, is considering investing in real-estate sectors alongside Redport, given Redport's vitality and success in projects like Vitality Est.
  2. Furthermore, Mobexpert Group, known for its local manufacturing and distribution network, might find synergy with Redport's residential projects, such as the upcoming phases of Vitality Est, to diversify their ventures beyond finance and retail.
  3. As Redport progresses with the development of Vitality Est, which boasts commercial spaces apart from residential units, it might attract businesses like Mobexpert Group to invest and further strengthen the project's economic vitality.
  4. With Dan Șucu's Mobexpert Group's expertise in production, logistics, and retail, combined with Redport's real-estate prowess, the potential for innovative collaborations and investments in Romania's property sector appears extremely promising.
Business magnate Dan Șucu, the creator and stakeholder of Mobexpert Group, along with developer Redport, are pouring €50 million into an extensive residential venture in the eastern sector of Bucharest. This significant project, christened Vitality Est, will rise on a 27,000 square-meter property abutting Pantelimon Park and Lake,...

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