The French-Romanian joint venture Jules Verne Imobiliare (JVI) will start the construction of a state-of-the-art block of flats this week close to Piata Alba Iulia in which the company will invest about ten million euros. The 11-storey building has 47 apartments of various dimensions, 66 parking lots and the building management system, which integrates video surveillance, traffic monitoring, optical fiber Internet access, digital TV cable, real-time billing for utilities and janitorial services for common spaces of the building.

According to JVI General Director George Doholici, after the completion of the building the company will also take charge of its administration. Clients can move in after the payment of 95 percent of the value of the apartment, the remaining five percent being a good quality guarantee that the company will collect twelve months after the transfer of ownership. Doholici insisted on the importance of gaining the clients confidence after the MTS leasing scandal in which many lost the advance they had submitted for the acquisition of a house. JVI finances part of the construction with a four million euro loan from a bank the company's official did not want to name until the signing of the contract next week. The company negotiated with the same bank the grant of a 1.25 percent discount on the mortgage credit granted to the buyers of the apartments.

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