Thursday, July 2, 2020
Home News Investment Market Romanian developer starts €25 million office project next to Telephone Palace

Romanian developer starts €25 million office project next to Telephone Palace

Real estate developer Forte Partners, one of the most dynamic investors in the office sector in Bucharest, will invest €25 million in a new office building in downtown Bucharest.

The project will be developed on a 1,700 sqm land plot located next to the Telephone Palace, on Matei Milo Street, local Economica.net reported. Forte Partners bought the plot last year from Telekom Romania. The building will have a leasable area of 8,400 sqm.

Founded in 2014, Forte Partners has developed, so far, a portfolio of office and residential properties worth €300 million. This year, the company signed its biggest transaction, the sale of The Bridge office project to Dedeman for an estimated €200 million.

Most Popular

HAGAG Development Europe to restore Știrbey Palace in Bucharest

Real estate developer HAGAG Development Europe received the urban planning certificate in to order to move forward with the building permit that...

EBRD and UNWTO boost tourism recovery

The rapid spread of coronavirus has had a massive impact on many sectors of the global economy, with tourism being among the hardest hit....

PZU Group leases 47,000 sqm in Generation Park Y

Heralded as the largest lease agreement ever on the Polish office market and the history of the Skanska Group globally, PZU Group...

Rupert Wood named as Executive Advisor of FitForCommerce Malls & Meeting Places

FitForCommerce, a specialized omnichannel and digital consultancy, announced the appointment of Rupert Wood to the FitForCommerce Malls & Meeting Places practice as...