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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 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.

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