Insider updates on Metropolis 4A development project
In this blog article, You will find out the latest updates about the Metropolis 4A development project, a well as see the pictures from the construction fields. Metropolis 4A is a residential building in the eco-friendly complex called Metropolis City, which is located in the greenest part of Chisinau, the capital city of Moldova.
You already might be familiar with another project from this district – Metropolis 4D development project. Despite the similar name and close proximity, these projects are different from each other. In fact, these properties are two separate blocks located in one district, possessing different collaterals and financial obligations.
The update for 05.2023
The company implementing the project S.R.L. METROPOLIS CITY has filed a case for an accelerated debt restructuring. Read more information about this in dedicated blog post.
The update for 12.2022
The project is late on interest payouts and principal return of stages 11 and 12.
The update for 10.2022
The update for 08.2022
Last month, Reinvest24 representatives visited the Republic of Moldova and the construction fields of our projects in Chisinau. In this video update below, you can see the construction fields of it. The project is planned to be finalised by the end of 2022 and the payouts will happen in the first half of 2023. At the moment 78% of the apartments are already reserved.
The update for 01.2022
The project is being developed and the first stage of it has been already exited in January. As of today, the principal repayment of 55 000 EUR is successfully returned back to our 150 investors, generating a 14% annual interest rate.
Update for 11.2021
The reported progress of the project has reached 44%.
Update for 08.2021
The construction works are progressing and for now, the report says construction of the building is 40% completed. The foundation, the underground parking, as well as the walls of the first 3 floors (out of 7), are already built. Now the team is working on finishing the 4th floor, where the foundation is ready but some parts of the walls are missing.
As of today, 8 apartments of this project are sold and 34 are available. You can speed up the construction process of the Metropolis 4A development project by investing in one of its currently available funding stages.
Update for 06.2021
The reported progress od the project has reached 35%.
Update on Metropolis 4A project for 02.2021
Watch the video update from the whole Metropolis complex. As You can see, the works are proceeding smoothly and the building is slowly rising.
Key facts about Metropolis 4A project
- Eco-friendly apartments located in the greenest area of the city;
- LTV – 50%
- Collateral – 1st rank mortgage;
- Duration – 12 months;
- Provided by an experienced international developer, who has finished more than 10 residential complexes and 2583 apartments;
- The contract is in EUR currency, therefore currency risk is eliminated.
Read more information about Moldovan real estate in the articles below:
1. The pandemic turned the Moldovan real estate market into a field of dreams - how & why?
2. 7 reasons why you should consider Moldova as your next real estate investment destination.