Alesonor, the developer of the green residential project Amber Gardens, will invest EUR 12 million this year to add 21 houses in the complex and to develop two new energy efficient residential projects, targetting the premium segment in Bucharest.

The new houses will be built alongside the 25 units that have already been sold and which should be completed by the end of this year. In total, the complex will host up to 50 houses.

Alex Skouras, managing partner of Alesonor, said that the local housing market is prepared to accommodate more green building projects.

Amber Gardens is located in the nothern part of Bucharest, near the Baneasa forest. The total investment capital of Alesonor stands at EUR 45 million.