Comnord builds 420 flats in Militari district

Bucharest-based construction company Comnord, is to develop a residential project comprised of ten blocks of flats situated in the Militari district, in the Western part of Bucharest. The complex, named Ten Blocks, will consist of 420 flats with areas ranging from 42 to 192 square metres and prices starting from 44,000 euros plus VAT for studios, to 210,000 euros plus VAT for penthouse flats. The blocks' basements will accommodate 257 parking spots, with another 254 spots to be built nearby. The first four buildings are set for completion in September next year, while the second phase's deadline for completion is March 2009. The company has 16 years' experience on the local constructions market. Among its projects, either completed or underway, are residential complex Washington Residence, Baneasa Residence and the Petrom headquarters on Calea Dorobantilor (Dorobantilor Street). Acc ording to the latest available information, the company's main shareholder is Sorin Creteanu, who holds 57.4% of Comnord's shares, 33.3% are held by Naveco Limited , with 6.1% owned by Sterie Tivichi and other shareholders.