The investment is estimated to be worth €280 million, according to company officials.
The total constructed area of the project is to amount to 266,500 sqm and construction work is to begin in the coming 24 months, according to a company press release.
Ablon, founded in 1993, entered the Romanian market in 2006. So far, the company has invested €43 mln in land. The Otopeni acquisition is its fifth in .
The other four projects include a total 4,000 apartments and 116 villas, with a market value of €500 mln.
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