Bucharest – skyline transformation 2025: Office – future skyline changers

21 decembrie 2020

6 minute citire

foto – Adi Coco, view from Victoria Business Park – developed by Immofinanz Romania

Published in an exclusive, investment destination – oriented, market tour: “Bucharest – the skyline transformation by 2025” – Read: here

Content partners:

Concept Structure | KONE | Rustler | Atenor

With the support of:

SkyTower | Immofinanz | Speedwell | Brisk

EMS Floor | RC Europe | NIRO Group | Liziera de lac

AFI TECH PARK

AFI Europe Romania has a significant presence on the office real-estate market, with AFI Park, AFI Tech Park in Bucharest and AFI Park Brasov projects that set high-standard quality benchmarks for the further development of the office segment in Romania.

AFI TECH PARK, a class A business park with a leasable area of 70,000 sqm, consisting of 3 office buildings, is a project that provides the tenants with all the high technical specifications they need and expect from all AFI Europe projects.

“With AFI Tech Park we offer our clients a modern working environment, at the highest quality standards, while they can enjoy excellent accessibility and visibility, due to the central location of our project, in proximity of J.W. Marriott Hotel, Unirii Square and the Old City”, declared Emma Toma, Head of Office Division, AFI Europe.

The campus is located close to the city center of Bucharest, enjoys modern lobby, has LEED Platinum certification, a fitness club, green landscape areas. With this project, AFI Europe consistently contributes to the economic and social development of the area.

@Expo

A decidedly smart business campus in Bucharest – Expozitiei area, proposing 54,000 m² offices and retail. Ideally situated, the site is superbly accessible by road (the airport and city centre are scarcely 15 minutes away) and by public transport. Architectural performance, flexible and innovative spaces, and eco-design: the project aims for BREEAM Excellent certification.

A rental contract concerning 4,800 m² was signed in December 2019 with Gameloft®, the video game developer and publisher, belonging to the Vivendi group. Negotiations are in progress for the signing of a lease contract with other tenants. ATENOR is an urban real estate development company with European expertise listed on the Euronext Brussels market. Through our urban planning and architectural approach, we aim to provide appropriate responses to the new requirements being imposed by developments in urban and professional life. Within this framework, ATENOR is investing in large-scale property projects which meet strict criteria in terms of location, economic efficiency and respect for the environment.

Tiriac Tower

Tiriac Tower is the last class A office building developed by the real estate division of Tiriac Group, which will be inaugurated in Q1 2021. Located in Victoriei Square, a positioning that adds value to any business, Tiriac Tower stands out not only by an architecture that brings different volumes to harmony, but also through premium amenities.

A height regime of 5UG + GF + 5F / 8F / 12F, 259 underground parking lots, 700 square meters of green terraces and 16,472 GLA, the building developed by Tiriac Imobiliare will be a reference point in a central area of Bucharest. Tiriac Imobiliare is the first real estate developer in Romania to have initiated the WELL Health-Safety certification procedure for the whole real estates portfolio. It is the newest building certification system introduced by the International WELL Building Institute (IWBI), helping landlords and tenants adapt their buildings to the post-Covid-19 reality.

City Rose Park

The City Rose Park is a new high-end office development in the North of Bucharest. Located conveniently on Expoziției Boulevard, with easy access to business and recreational facilities grouped around the Herăstrău Park and the two main office hubs –Piața Victoriei and Piața Presei Libere.

GTC group actively manages a real estate portfolio of 37 commercial buildings providing 621000sqm of office and retail space to its highly demanding tenants and customers in Poland, Belgrade, Budapest, Bucharest and Zagreb. The group developed in Romania landmark office developments in prime areas – Europe House, America House and City Gate and also acquired and upfitted additional projects – Premium Point, Premium Plaza and Cascade Office Building.

Equilibrium

Equilibrium office project is located in the northern part of Bucharest, in the Barbu Vacarescu – Floreasca area ofering excellent visibility at the entrance to the city’s most developed and active business hot spot.

The first building comprises of 20,800 sq. m GLA. Upon completion, the entire two-building complex will offer 40,700 sq. m GLA. At the same time, having brief plans for the future and aiming to ensure its presence simultaneously in two submarkets, at the end of the last year, Skanska has bought a plot of land in Bucureștii Noi, through a 24 million euro transaction, to develop a new office complex.

U•Center

Ideally situated within two of the most beautiful parks in Romania – Tineretului and Carol, fully serviced by all public transport routes, U•Center combines in one destination all of the needs of the modern Office user. Class A specifications, contemporary and fresh architectural design, interior systems incorporating the latest technologies for smarter, more efficient and healthier systems.

Developed in two phases, approx. 63.000 sqm GLA, mixed-use, by Forte Partners, a company that developed and exited several residential and office projects to both local and international investors at market leading yields. Also, In the heart of Bucharest, Sector Zero is another initiative of Forte Partners. It consists in the development of two office buildings (Millo & Tandem) destined for the daily work of creative communities, including both companies, and individuals. Sector Zero will demarcate an area of buildings which are designed to perfectly integrate into the zonal architectural style (art deco), neighboring the iconic Bucharest Telephone Palace.

ANA Tower

ANA TOWER’s location and high visibility validates it for triple A companies looking to relocate, expand or enter the market.

The premium class Ana Tower building has 25 floors and a rentable area of 43,700 square meters. The building is LEED certified “Platinum Green Building”, with ultra-modern façade, “Unitized” model, which ensures superior performances in energy and sound insulation. ANA TOWER OFFICES is part of the family of ANA HOTELS S.A., one of the leaders of premium hospitality services in Romania.

J8 Office Park

A 46,000 m2 net office development under construction in the area of Bucureștii Noi, just one metro stop north of the Expoziției development area / 1 Mai.

There will be two buildings over a 700 space car park designed with a modern and fresh approach to finishes but also with efficiency in mind and large floor plates of over 3,000 m2. The project will offer restaurants, gym, car chargers, bicycle racks and changing rooms for the employees. Established in 1997, Portland Trust is a commercial real estate developer and asset manager with offices in Prague and Bucharest. Portland Trust has had a long term joint venture with ARES Management L.P. (formerly AREA Property Partners) who is a US-based fund manager.

Campus 6.2 & 6.3

Campus 6 is the office complex developed by Skanska in Romania in the Central-West area of Bucharest, in the proximity of University Politehnica. The complex will have a total leasable area of 81,000 sqm and consists of four A class buildings.

The first phase comprises of approx. 22,000 sqm, with eleven stories above ground and two levels of underground parking and was sold to CA Immo. Campus 6.2 and 6.3 is the second phase of the project and comprises a total leasable area of nearly 38,000 sqm. Buildings 6.2 & 6.3 are the first office buildings from Romania to earn the WELL CORE & SHELL pre-certification and wich will have a running track on the roof. Stock exchange listed S IMMO AG has purchased two properties of the business park Campus 6 in Bucharest from the Swedish development and construction company Skanska with a total investment volume of EUR 97m. Together, both buildings have got a total leasable area of nearly 38,000 square metres and are fully let. Key tenants are Microsoft and Société Générale, one of France’s most relevant commercial banks. S IMMO also delivered THE MARK in Bucharest – the first significant class A office building being developed in Bucharest CBD in the past ten years. With a total built area of 43,000 sqm and circa 25,500 sqm GLA, THE MARK comprises two class A+ office buildings – a 15 storey tower and a 6 level podium-building. Located right on top of Sun Plaza – also property of S IMMO, one of the largest shopping centers in Bucharest, SUN OFFICES are the best office premises in the southern part of Bucharest. The office building provides approximately 10,000 sqm high class office space displayed on 3 levels.

Timpuri Noi Square

2019 was by far the best year for Vastint Romania, as it delivered 63,000 square meters which are fully operational. Timpuri Noi Square is 95 percent leased and Business Garden Bucharest is at over 75 percent.

Vastint Romania has three projects in Bucharest. The first is Timpuri Noi Square – a mixed-use project which is being developed in several stages due to its size, and could integrate 100.000 sqm of office. The second is Business Garden Bucharest – a single-phase office development located in the Orhideea area, with 43,000 sqm of office and retail premises in three buildings, completed in 2019. The third is in Sisesti area – where a 48 hectare plot of land was acquired by Vastint Romania in 2016 – currently in the planning stage.