Mace Group expands east with first project in Romania

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Mace Group expands east with first project in Romania

15/10/2009

Mace Group has been appointed by Prasa-Bogaris as project and construction manager for the RATC Urbanisation in Constanta, an approximately 100,000 sqm plot intended for a mixed commercial, retail, hotel and residential development.

This is an ambitious project, being run by a joint venture between Prasa and Bogaris, two Spanish developers established in Romania, as part of their eastward expansion. The project comprises approximately 310,000m2 of residential development and 30,000m2 of hotel and commercial space, as well as a 40,000m2 shopping and leisure centre. For this 2600 year old city, the project represents a significant development in residential and retail facilities. Works on the urbanisation project, currently in its design phase, are set to start early 2010, completing towards the end of that year.

José Carlos Saz, Mace European Union Regional Director commented: "The Constanta project represents a milestone in Mace Group's international expansion in Eastern Europe. It is our entrance port to Romania, an interesting market where we see an important potential development in the near future. We are looking forward to this exciting opportunity."