Long before the real estate crisis in Romania, the company Marr Capital announced that would invest EUR 70 million in two districts with villas in Corbeanca, in the north of Bucharest. The company only developed one of these: Corbeanca Forest. The plot for the second phase, involving the construction of 200 units, was recently put on sale.

The total price of the 138,000 sqm land in Corbeanca is EUR 4.45 million, EUR 32/sqm respectively.

Corbeanca Forest, with 101 villas still has 30 villas for sale, starting EUR 155,000. Another 10 villas are rented. The investment in Corbeanca Forest project reached EUR 25 million.

The president of Marr Group is Marat Safin, the son of one of Lukoil founders, who initiated the extension of the giant oil company in Romania, Ralif Safin. In 2002, he gave up the vice-president position within Lukoil in order to become a member in the Russia’s Federal Council, the superior chamber of the Duma. In 2004, Ralif Safin was included in Top 100 richest Russians, with an estimated wealth of 350 million dollars. (source: economica.net)