Some EUR 15 million have been invested in a farm and 35-room inn. Another EUR 20 million will be invested in 200 villas the construction of which should start next year, announced the businessman.

Bitoiu, who is co-owner of the ACMS constructions company, developed the S-Park office complex in Bucharest which he sold for EUR 100 million to Immoeast in 2007. His fortune is estimated at around EUR 22 million.

Casa Vlasia is located some 30 km from Bucharest near the Snagov Forest and it is promoted as the first eco-residential complex in Romania. The farm features orchards, vegetable gardens, vineyards and domestic animals. Residents will able to order produce such as vegetables, milk and eggs via an electronic POS which will be available in every house. The complex features traditional Romanian architecture elements and will use sustainable energy sources. (source: business-review.eu)