The Lev Or Company was founded in 1992 by Mr. Samuel Lev. The company operates in real estate in Romania. Lev Or is a unique company that operates not by credit as many companies do, but by sustaining itself and functioning as a body.
Samuel Lev is the sole owner of the company and runs it himself. The company has dozens of subsidiaries, assets and business activists that are also managed by Samuel Lev.
Our company is specialized in:
- Identification and Development;
- Planning;
- Licensing;
- The regional committees and national\ rezoning;
- Project Implementing: a construction company that performs all the steps including the final details and finishing;
- The company has built several hotels and manages them;
- The company is engaged in domestic tourism including ground services;
- The company has built office buildings and manages them;
- The company is building apartment buildings and is selling\renting;
- The company acquired a complex of 11 thousand hectares (Adunatii Copaceni) adjacent to the new airport project to be built soon near Bucharest (20 km) and has been engaged for seven years in buying land (attached as detailed material on the project)
- The company purchased land in the cartridge (700 acres) and finished the thawing process and started building detached homes.
- The company purchased land plots in Bucharest and is currently issuing licenses for the construction of residential buildings.
- The company organizes meeting and business events, as it holds more than 3 conference rooms and more are to be built.
- The company owns rental real estate: office buildings / stores / apartments / villas / warehouses / hotels.
- The company deals with import licenses for food / alcohol / construction materials to Romania.
- The company has partnered with a Belgian company engaged in commerce all over the world
Mr. Samuel Lev believes that Romania’s future is bright, despite the slowdown due to the global economic crisis. Romania’s economic situation is better than the economic situation of Eastern European neighbors and several countries in Western Europe. External debt balance is better than many other countries and regularly climbs GDP ($ 12,000), although the rate slowed during the immigration crisis.
Bucharest apartment prices should raise significantly in the near future both because of high demand (600,000) and because of the relatively low price (1000 to 1500 Euro per square meter). Also, the price for built sqm is very low (150-300 Euro per square meter). On the outskirts of Bucharest price/built sqm drops significantly because of lower land prices than downtown. This enables market floor houses approximately 20 km from the city center to have prices of less than 1,000 Euro per square meter! This logically concludes that building in the outskirts of the city is a very good idea because not only that the prices are going to drop but also because Bucharest is building infrastructure to connect marginal areas to the center of the city (highway, railroad, metro).
Romania is not in crisis and carries no debt that might put it in danger of insolvency such as several countries in Europe, the growth pace was too fast and because of the global crisis has slowed significantly but is found now at a normal and stable level.
Romania’s future is still ahead, it should be noted that last year a lot of sediment identify Adunatii inherent in investments in Romania (especially real estate) and vote with their feet again. The new airport will be built at Adunatii Copaceni. These calculations where the basis of land acquiring by “Lev Or” in Adunatii Copaceni – 11.000 acres – located about 20 km from Bucharest. The company knew about the future development site since 2002, including the new airport to be built and approved by the regional committee. The beginning of construction is planned at the end of 2012. Recently completed construction of a Highway link between Bucharest and Giurgiu (Bulgarian border) passes throughout Adunatii Copaceni.
Another program, the development and expansion of river “Arges River” and the building of a canal which will link the Arges River with the Danube is on the way, a development which will create maritime transport with the rest of Europe.
The Romanian authorities are also building public transport infrastructure and metro rail connecting Bucharest with Adunatii Copaceni. In the last period, several developments have been finished, including the Residential Complex “Green Village”, a hotel, gas stations and a shopping center. Additional projects are planned in the housing and commerce segments. “Lev Or Group” has plans to build a hotel complex / warehouse logistics / detached homes as well.