September 21, 2018

Floreasca Park -a EUR 70Mln project in Bucharest

According to a report by Pro TV, real estate developer Portland Trust will allot 70 million euros, including a 40-50 million loan from BCR, for the construction of an office complex with an in-built surface of some 7,500 sqm in the Barbu Vacarescu area of Bucharest, which will be completed by October 2013. The complex, Floreasca Park, will include two office buildings that are already 70% preleased. “Rental contracts cover 22,000 square meters, and another 7,000 sq.m. are being negotiated,” according to Horatiu Florescu, president and CEO of real estate consulting firm The Advisers/ Knight Frank, the exclusive lease agent of the complex. The first building will have a leasable area of 1,728 – 1,840 sq.m., and the second up to 3,600 sq.m. Portland Trust already developed several office buildings in Bucharest: Opera Center I and II, Bucharest Business Park and Floreasca 169A.

Source: Bucharest Herald () The remote server organizes the data received and displays on the screen of your cell phone, tablet or computer

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