Forte Partners developed real estate projects valued at €100 million last year – EuropaProperty

Forte Partners developed two office projects in 2016 with a cumulated market value of €100 million: Stefan cel Mare, boutique building located in the Central Business District (€19.5 million) and The Bridge, a business park located near Basarab overpass (€80.5 million).

“2016 was a very good year for us. We have finalized the first building under the Forte Partners brand: Stefan cel Mare project, leased 100 percent, and we have started works for The Bridge business park, for which we have signed the biggest deal on the local office market, with the Romanian Commercial Bank, 18,000 sqm,” said Geo Margescu, CEO & Founder, Forte Partners.

Construction works for The Bridge are going as planned, at this moment eight levels are already built, from the total of 13 (2BS + GF+ 10). Keeping the ecological values of Forte group, The Bridge is also going to be certified as a green building. Finalizing of the first phase is scheduled for the autumn of this year.

“For 2017 our plans are to finalize the first phase of The Bridge, as well as starting the works for the second phase, a project of 20,000 sqm, for which we have the necessary approvals, following to receive the construction authorization in a short time,” Geo Margescu also said.