Ghai Sant Ram buys a project with hundreds of apartments from Bîlteanu family

British investor Ghai Sant Ram has purchased the H4L Millennium residential project, next to the Porsche Bucharest North showroom, from the Bîlteanu family, following a transaction worth EUR 11.3 million.

The Bîlteanu family, through the developer H4L Development, bought a 4.5-hectare plot of land from the Arab investment fund EIIC, approximately 5 years ago, for a price of approximately 10 million euros. On this plot, H4L Development planned to build the H4L Millennium project with 718 apartments. The Bîlteanu family has already sold approximately half of this land to Kaufland.

The Bîlteanu family has now sold the remaining land after the transaction with Kaufland, covering an area of approximately 2 hectares, to the company SRG Properties of the British Ghai Sant Ram, who has also changed the name of the project from H4l Millennium to Ivory Horizon.

Source: Profit.ro