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Description: Stefanesti Village we are pleased to launch Stefanesti Village as the inaugural development in Romania. Since 2005 we’ve seen the progress that the Czech Republic and Poland have made and now Romania has successfully joined the EU, it is sure to follow this proven path. As the first development from Validus in Romania, it is no surprise that we have chosen no ordinary investment. Stefanesti Village is a new concept for the Romanian capital. A new vision of urban living for Bucharest’s emerging middle class. As opposed to building a series of apartment, our partner developer has chosen an enviable location between a forest and a riverbank on the periphery of the capital city to create a new model community. Stefanesti village will include low rise, high quality apartments together with offices, shops, a school, medical centre, casino, hotel, sports and fitness centres. So as well as creating brand new accommodation in a city with a dire shortage of housing but will also be an area of sustainable job creation. Validus is launching Stefanesti Village at a launch price of approximately €817 / £585 per m². This discounted price is available for a limited period only. So as well as this initial saving, investors buying at Stefanesti Village will benefit from very favourable payment terms of just 20%, followed by 80% on completion in 2010. This means a quality apartment from a global developer can be purchased with just 20% of the price with at least 2 whole years of significant capital growth until the remaining 80% is required. Quick Facts • Payment terms of 20% deposit and 80% on completion in 2010 • Global developer with long term vision and reputation for quality • Excellent value for money with an average price per m² of €817 or £585 • Strong long term capital growth anticipated • Enviable location in green area on outskirts of Bucharest Payment structure Deposit of €3,000 or £2,000 Initial Payment: 20% less deposit Completion : 80% VAT is 19% Building licence – still expecting this Copy of the contract First phase is the release of buildings I1 to I4 Location: 12km from the city centre (7.5 miles) Average price per m2 is €817 or £585 New project called Stefanesti Village being built in a green, quiet and unspoilt area on the periphery of the Romanian capital, Bucharest. The development is situated in an area of Bucharest called Stefanestii de Jos. This is just 1km from the future Bucharest – Brasov highway and only 10km away from Henri Coanda Airport. 2km from first ring road and 5km from planned second ring road. The development will comprise 64 hectares of land surrounded by a lake. The entire village will include 7,000 units. The first phase will comprise 1,750 apartments of studios, 1, 2, 3 and 4 bedroom apartments and duplexes. The delivery date will be 2009. The village will also boast: Services: school and kindergarten, church, medical centre Leisure – 67,000m2 hotel and restaurant, coffees shop, bar casino, club, fitness, sports, beauty and running track on the shore of the lake Business centre – 358,000 m2 office space Commercial areas 275,000m2 shopping space underground parking for residents. The residences will feature lifts with mirrors, automatic doors, automated entry to parking, fittings for air conditioning. Kitchens will not be fitted but will be ready for pre-installation for appliances. Bathrooms will be prepared for installation of sanitary ware and washing machines. The total investment at Stefanesti Village will amount to over €850 million. The infrastructure will be built from scratch with new water, sewerage, gas and electricity networks. Brand new roads (varying from 7m to 18m wide with side-walks and green spaces). The entire project will be built over six stages. This is the first. Stages of the project: STAGE 1 – residential and commercial STAGE 2 – residential and retail STAGE 3 + 4 – office, commercial and residential STAGE 5 - residential STAGE 6 – leisure (water, sports, hotel) Stage 1: Be built between 2007 and 2010. -Mix of apartments, studios, 1-3 bedrooms and penthouses - Studios (49m2 to 59m2) - 1 bedroom (64m2 to 84m2) - 2 bedroom (95m2 to 137m2) - 3 bedroom (163m2 to 168m2) - penthouses (175m2 to 243m2) 5,000 m2 of open space 2 levels of underground parking Commercial space on the ground floor Developer: Our partner developer has been specializing in real estate for the last 25 years. The company has developments covering 13 countries and more than 30million m2 of land. The developer’s focushas been to assure a customized and problem free real estate purchase for their clients around the world. The strategy of Romania is note worthy with investments surpassing €1,050 million spread across the country. DISCOUNTS FOR BULK INVESTMENTS ARE AVAILABLE |
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