Romanian real estate company Meta Estate Trust [BSE:MET] said on Friday it contracted a revolving credit facility from Libra Bank worth 1.5 million euro ($
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Romanian entrepreneur Alina Marulis is investing 10 million euros in a boutique project of 12 villas at the edge of Baneasa forest, near Bucharest. The project will take place in three phases: construction for the first three villas has begun and reached ground 0, while the entire project will be delivered by the summer of 2022. Currently the construction is financed from developer’s own funds, with a pre-approved investment loan from Libra Bank, which can be accessed for later stages.
“The idea of this project came from my dream home, a luxury construction, surrounded by the woods, close to Bucharest. In the context of the pandemic and the growing demand for houses in green areas, we have designed a compound, Oxygen Home, an exclusive villa project, near the American School and the Băneasa forest, which offers to high-income population of Bucharest a healthy, clean lifestyle in terms of air quality, in the comfort of a state of the art construction”, said Alina Marulis, CEO,