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Daniel Boltinsky
October 25, 2023
Apartments in the Cosmopolis residential area make up most of MetaWealth's second asset package. Now, the project's developer has announced a massive €20 million expansion to its retail center, which will likely push real estate appreciation in the area higher than initially anticipated.
"The number of residents in Cosmopolis and the Northern area of Bucharest has increased considerably [since we built Cosmopolis], and this was the main reason we've decided to increase the number of shops in the area as well," said Ozan Tuncer, CEO of Cosmopolis, in an interview with Romanian publication Economica.net.
Cosmopolis is one of Romania's largest real estate developments, expected to reach 15,000 inhabitants at the end of 2023.
By vetting hundreds of properties and developers, MetaWealth gives anyone access to the world's top real estate deals. The current estimated 5-year ROI of the Cosmopolis & New Confort City package is 76.55%, and owners have already received $13,088 in rental income distribution in total.
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