Bucharest, 23rd of February 2016 – Real estate investors consortium Forte Partners announced today the construction start for The Bridge office project located near the Basarb overpass, the investment for the first phase reaching 60 million EUR. The business park will be erected in two phases on 15, Orhideelor Street, on the land of the former bread factory, Spicul. The first phase consists in a building with a gross lettable area of 36,189 sq.m.
“I am happy to announce today the obtaining of the construction permit and the start of the construction works for The Bridge, a major investment on the Bucharest real estate market”, said Geo Margescu, Founder & CEO, Forte Partners.
The Bridge offer on the Bucharest office market is an extremely competitive one, due both to the large floor surface of 3,000 sq. m (which allows the tenants to horizontally consolidate their activities) and to the technical specifications that meet the most rigorous standards on the market. The generous surface of a single level allows a density of 6.5 sq. m per employee, as compared to 8-10 sq. m, the market standard at the present time. The Bridge is designed taking into consideration the latest worldwide trends for green buildings, the business park going to be certified as LEED GOLD. The architecture firm which designed the project is Epstein, the company being also designated as LEED assessor for this business center. The future tents will benefit from major reduction of maintenance costs due to the developer’s investment in performing systems, which reduce electrical and heating energy costs.
ABOUT FORTE PARTNERS: Forte Partners is a real estate consortium of private investors, with an extensive experience on the Romanian market. Among the shareholders are Jabra family, Ionut Dumitrescu and Geo Margescu. Forte Partners portfolio includes Stefan cel Mare and The Bridge office projects, as well as lands for future projects in key area of Bucharest such as Barbu Vacarescu and Basarab overpass. The business model is focused on the acquisition of strategically positioned land for “state of the art” project development, their sale and reinvestment of profits in new projects. The segments covered are: office, retail and premium residential.
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