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In this blog post you will find the latest updates on the Metropolis 4A development project and photos from the construction site. Metropolis 4A is a residential building within an eco-friendly complex called Metropolis City, located in the greenest area of Chisinau, the capital of Moldova.
You may already be familiar with another project in this district, the Metropolis 4D development. Despite their similar names and proximity, these projects are different from each other. In fact, these properties are two separate blocks in one district with different collateral and financial obligations.
May 2023 Update
SRL METROPOLIS CITY, the company implementing the project, has filed a lawsuit for accelerated debt restructuring – for more information on this, please see our dedicated blog post.
December 2022 Update
The project is experiencing delays in interest and principal payments for phases 11 and 12.
October 2022 Update
August 2022 Update
Last month, representatives of Reinvest24 visited the Republic of Moldova and the construction site of the project in Chisinau, which you can see in the video update below: The project is scheduled to be completed by the end of 2022, with payments to be made in the first half of 2023. At the moment, 78% of the apartments have already been booked.
January 2022 Update
The project is currently under development, with its first phase already finished in January. As of today, capital repayments of 55,000 euros have been paid back to 150 investors, generating an annual interest rate of 14%.
November 2021 Update
The reported project progress reached 44%.
August 2021 Update
Construction work is progressing smoothly, and as of now, the building is reported to be 40% complete. The foundation, underground parking, and walls for the first three of the seven floors have already been constructed. Currently, the team is working on putting the finishing touches on the fourth floor, where the foundation is complete but some of the walls are missing.
Currently, eight apartments in this project have been sold and 34 are currently available for sale. Investing in one of the currently available financing phases can help speed up the construction process for the Metropolis 4A development project.
June 2021 Update
Reported progress on the project reached 35%.
Metropolis 4A Project Update February 2021
Check out our video update of the entire Metropolis complex: As you can see, construction is progressing well and buildings are slowly going up.
Important facts about the Metropolis 4A project
Eco-friendly apartment located in the greenest area of the city. LTV – 50%, collateral – 1st lien mortgage. Term – 12 months. Offered by an experienced international developer with over 10 completed residential complexes and over 2583 apartments. The contract is in EUR currency, so there is no currency risk.
For more information about real estate in Moldova, check out the following articles:
1. The pandemic has turned Moldova's real estate market into a dream field. How and why?
2. 7 Reasons Why You Should Consider Moldova for Your Next Real Estate Investment.