VR Business Capital starts a new project in the center of Bucharest

VR Business Capital announces the development of a new residential project, through the purchase of an ultra-centrally positioned building, on Povernei street in district 1, Bucharest.

This investment represents a high quality property purchase opportunity, adjacent to the area's main points of interest. It is also part of the company's strategy to engage in transforming and modernizing buildings in a state of decline, considering it absolutely necessary to offer a privileged position to this sector of activity. The research, discovery and rising the value of old buildings, in various stages of decay, is a long complex process, but one that suits the bold character of the company.

VR Capital's responsibility is defined by carefully selecting assets that it is believed to offer exceptional performance and generate sustainable value growth.

With a total area of 360 sqm, the construction will be approximately 780 sqm, divided S + P + 3 ER + M, summing a number of 4 apartments with premium finishes, which will symbolize a modern, innovative, boutique-type concept.

"VR Capital continues to see an increasing number of attractive real estate investment opportunities on the Romanian market. We keep confident in our ability to consistently deploy capital and deliver value to each project. This investment is part of our strategy to bring back to live certain abandoned areas and buildings and turn them into dynamic communities. By following current trends, we pay more attention to the values we wish to promote, such as sustainability, the responsibility of creating efficient buildings with high-quality finishes and modern design.” stated Victor Angelescu, co-founder and managing partner of VR Business Capital.

Estimated date for finalization project: 2025