Certion Property Developers plans to develop premium residential projects in the Neptun-Olimp area, with a total investment exceeding EUR 45 million over a 4-year period.
The calculation is that the Neptun-Olimp resort has the highest potential to become the core of the Romanian seaside regeneration and that currently, there are far too few 4 and 5-star accommodation units, concentrated in crowded areas that address a small segment of clients and are interesting only for limited periods, not for the entire year.
Certion’s revitalization plan was launched in May this year with the start of work on the company’s first project, VOGH Olimp, whose 13-story structure was recently completed. Alongside Vogh Olimp and Galileo Olimp Resort & Residences currently under construction, three other Certion-branded projects – Lago Neptun, Pharos Olimp, and Solantis Neptun – are set to be launched in the coming period, bringing the total value of the company’s projects on the southern Romanian coast to approximately EUR 100 million.
Galileo Olimp Resort & Residences will feature a 5-story building with 173 apartments. Completion is scheduled for May 2023.
Frequently Asked Questions
What is the total value of Certion’s investments in the Neptun-Olimp area?The total value of the company’s projects on the southern Romanian coast is estimated at approximately EUR 100 million.
When is the completion of the Galileo Olimp Resort & Residences project scheduled?The completion of this project, which includes 173 apartments, is scheduled for May 2023.
What other residential projects is Certion set to launch?In addition to VOGH and Galileo, Certion is set to launch the Lago Neptun, Pharos Olimp, and Solantis Neptun projects.