about us | newsletter | contact | archive | members area
"Schoenherr has always had a strong client portfolio of Austrian investors active in the region"
Sebastian Gutiu, Schoenherr»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Forte Partners to start second phase of The Bridge office project

Local real estate developer Forte Partners will start building the second phase of The Bridge office project this year, according to Geo Margescu, managing partner of the company.

2017-02-01 16:51:16

"We decided to start the second phase of The Bridge project, a 20,000 sqm building," said Margescu. "At this moment, we have submitted all paperwork and we wait for the permits to start the construction by the end of March. Our estimation is that the building can be finished in one year."

For this project, Forte Partners has budgeted a 40 million Euro investment. Last year, the company has developed two office projects with an aggregate market value of 100 million Euro: Stefan cel Mare (boutique building – 19.5 million Euro) and The Bridge business park near Basarab bridge (80.5 million Euro).

The construction works for the first phase of The Bridge project are on schedule at this point, according to the developer and the building is to be finished this year.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  5670 Views
Daily Info
Transelectrica inaugurated the Campia Turzii station, fully refurbished with 9 million Euro

Transelectrica inaugurated the 220/110/20 kV Campia Turzii (Cluj County) electricity station, after an investment of about 42 million RON (9 million Euro).

CTP starts CSR project for the workforce market nearby Bucharest

CTP is starting a social responsibility program that aims to facilitate a series of meetings between high school students and representatives of important companies that are t...

Enel and Traian Vuia International Airport in Timisoara launch the first EV charging station in a Romanian airport

Enel Energie and the Traian Vuia Airport in Timisoara inaugurated the first electric vehicle charging station in an airport in Romania, in order to encourage electric mobility...

OTP Bank Romania posted a profit of 6.8 million Euro in the first nine months of 2017

OTP Bank Romania registered an after-tax profit of 6.8 million Euro, in the first nine months of the year, decreasing by three per cent year over year. The bank returned to pr...

Impact launches Luxuria Domenii Residence with 630 apartments in Bucharest

Impact has launched Luxuria Domenii Residence, a residential project comprising 630 apartments in the north of Bucharest.

 
 
   
advertising

advertising

advertising

advertising

advertising

advertising

advertising

advertising

More on News
Former PM Ciolos: We cannot risk Romania's future

Former Prime Minister Dacian Ciolos was present Sunday evening at the protest in Bucharest, on which occasion he argued that he considered joining the manifestations becaus...

PM Tudose reaffirms commitment to unconditional partnership with Romanian Army

The government of Romania has always been and will stay an unconditional partner to the Romanian Army, Premier Mihai Tudose said in a message on the National Army Day.

Romania initiates first meeting of EU Council Presidencies' Trio with Finland and Croatia

Minister-Delegate for European Affairs Victor Negrescu has initiated on Monday in Brussels, the first, minister-level meeting of the Trio of Presidencies that Romania is du...

Minister Negrescu: Romania is profoundly pro-European, we will be even more significant after Brexit completion

Minister Delegate for European Affairs Victor Negrescu said on Thursday that Romania is a profoundly pro-European state and will become more significant after the Brexit pr...

Iohannis: A significant delay in tax measures would be required

President Klaus Iohannis said that a significant delay in the amendments to the tax legislation would be required, adding that the January 1, 2018 deadline for their applic...

Dragnea: Amendments to the tax code, code of tax procedure to pass under government ordinance

Amendments to the tax code and the code of tax procedure will pass under a government ordinance and will be unveiled after the government meeting, national leader of the So...

Iohannis: Romania has made progress with equal opportunities, needs to speed up gap bridging

Romania's President Klaus Iohannis said that although important progress has been made in Romania in terms of gender equality, the country needs to speed up bridging the ga...