Anchor Grup announces the opening of the showroom of InCity Residences residential compound


Bucharest, April 15th 2008 Anchor Grup, the developer of Bucuresti Mall and Plaza Romania shopping centers brings on the Bucharest real estate market, a luxury residential project, named InCity Residences. Now, in the showroom located at the construction site of the residential complex, at 188 Calea Dudesti, entering from C-tin Nottara str., the visitors can see the completely finished real scale apartments, as well as samples of materials used for the finishing.

The real scale apartments on display include a studio having an area of approximately 64 sqm. and a 3-room apartment type 3A, having an area of 144 sq.m., which have been created in order to reflect the new city center lifestyle. Likewise, another two types of 3-room apartments: one having a surface of 107 sq.m. and another one having a surface of 116 sq.m. have been fitted out and furnished.

InCity Residences is centrally located at 2 minutes walking distance from Bucuresti Mall. The future residents shall benefit from all the advantages of the mall, being located at a very short distance from the city's main attractions.

Each of the four blocks of the residential compound is having 17 floors, and will include a total of 502 apartments, from studios to apartments with 2, 3 or 4 rooms or to penthouse triplex apartments, having from 3 up to 5 rooms. The 3-room apartments provide generous spaces, between 107.2 and 143.6 built sq.m.

The apartments include high quality finishing, and the clients can customize them by choosing the colors from different well known international brands. The apartments are also provided with air conditioning, elegant bathroom furniture and high quality sanitary objects.

The kitchen furniture Arrital Cucine from Italy completes the modern and contemporary style featured by InCity Residences, which is further completed by the strength and durability of the household appliances (cooker, oven, cooker hood) by Franke.

The ceramic tiles used for the decoration of the bathrooms, kitchens and terraces are Mirage from Italy, and shall be available in four different color schemes. Artemis bathtubs and shower cabins, Bagno bathroom sinks and Duravit toilets and Steinberg accessories and water mixers have been used for the bathroom furniture and fittings.

The triple-layered real wood floor parquet which shall be installed in the bedrooms and in the living room area is available in three color schemes.

The construction process advances rapidly and the complex shall be finished in 2009. The complex will also provide its residents facilities such as: fitness center, indoor pool, beauty salon and playgrounds. The complex has 530 underground parking locations and green areas.

InCity Residences provides the customers with various apartment purchase options, so that the purchase of the apartments be rendered as accessible as possible. Thus, the apartment can be bought by: installments paid to the developer, mortgage credit provided by Credit Europe Bank, cash payment or financing provided by any other bank. The average price per sqm is 1970 Euro plus VAT.

"The residential project developed by Anchor Grup will make a difference and set new standards for Romanian residential market, due to its central location, contemporary architecture, facilities offered in the compound and high-quality finishings. InCity Residences will provide the inhabitants of Bucharest a safe and pleasant living environment, located right in the heart of the city. Construction area of this residential compound will be 92,000 sqm that is going to be realized by an investment of 68 Million EUR.", declared Ibrahim Paksoy, CEO of Anchor Grup.

About Anchor Grup

Anchor Grup SA was established in 1997 is one of the leading real estate developers in Romania. The core business of the company is to develop and manage real estate projects in Romania. The company has extensive experience in developing retail projects, both residential and office buildings. The strategy of Anchor Grup consists of combining the international expertise and the experience acquired on the local market to provide the best real estate solutions for customers and investors.

The main projects of our company are: Bucuresti Mall, the first modern shopping center opened in Romania; Plaza Romania, the most attractive retail and entertainment spot in the capital, Anchor Plaza, the first A-class office building integrated with a commercial center, Anchor Plaza Metropol, A-class office building located close to Plaza Romania, Shopping, mall developed in Chisinau, Maldova, and InCity Residences a downtown residential compound. During the next years, Anchor Grup will develop a new series of projects in the retail field, both residential and office buildings

For additional information, please contact:

Marilena Brinzan
Public Relations Manager
Anchor Group SA
Anchor Plaza office building, 12th floor
Bucharest - 26Z, Timisoara Blvd., 6th district, 061331
Phone: + (40) 21 319 50 50
Fax: + (40) 21 319 50 51