A series of private real estate investors joined together under Forte Partners brand, developing in partnership real estate projects in key areas of Bucharest, with a value of over 100 million EUR. The area surrounding Basarab overpass promises to be the new business location of the Capital, due to some benefits such as: the presence of the subway and numerous means of transportation, major investments finalized in infrastructure and the proximity to the Polytechnic University, a main labor force generator for the IT sector and a booming motor for demand in new office space.In this area, Forte Partners plans to develop The Bridge, a class A business center, with a gross lettable area of 56,380 sqm. The first phase of the project consists of a building whose construction will beginin the first quarter of 2016, with an investment of 60 million EUR.
“The strategic position, flexibility and efficiency, ideal access for employees and customers, as well as urban area indicators allow us to develop a true Class A business park. In addition to the technical specifications meeting the highest standards of quality, prospective tenants will have a net area of over 3,000 square meters per floor, with a maximum density of one person to 6.5 square meters, a unique situation in similar areas in Bucharest,” says Geo Margescu, founder and CEO of Forte Partners, adding: “The Bridge business park is designed in consideration of tenants and their employees knowing their medium and long-term needs, and in compliance with LEED Gold standards.”
Forte Partners is a real estate consortium of private investors, with an extensive experience on the Romanian market. Among the shareholders are Ionut Dumitrescu (founder of Eurisko, a Romanian real estate agency sold to CBRE), Geo Margescu (whose name is linked to projects such as Europolis Logistic Park, the headquarters of Millennium Bank and Louis Blanc office building) and Jabra family (founders of Nova Brasilia business sold to Kraft Foods).
Forte Partners portfolio includes land for future projects in areas such as Stefan cel Mare, Barbu Vacarescu and Basarab overpass. The business model is focused on the acquisition of strategicallypositioned land for project development, their sale and reinvestment of profits in new projects. The segments covered are: office, retail and premium residential.
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