Avantgarden Sibiu is situated in the proximity of the retail park Sibiu Shopping City and includes 1,600 apartments in 8 floors buildings. "We will develop building by building, each with 80-90 apartments. The completion term for a building is one year; therefore the first building will be completed in August 2014. The turnover we estimate from the selling of the residential units is EUR 67 million", has declared for MEDIAFAX Dana Stemate, the marketing director of the developer.

She specified depending on the residential demand, the company could extend the project through the land acquisition, a plot in the vicinity of the one already bought.

The units have prices starting from EUR 28,000 for a studio, EUR 37,000 for an apartment with two rooms and EUR 49,000 for three rooms.

The project will be developed by its own financing. Maurer is a company with German private capital and started real estate construction activity in 2006. The first real estate project was developed in C Cluj and included 29 apartments. The company also has a project on going in Brasov, similar to the one intended to build in Sibiu. The project in Brasov includes 1,800 units, from which 1,300 are already sold.   (sursa: economica.net)