The first building of the new office project Oregon Park, developed by Portland Trust, one of the largest real estate developers in Romania, is now completely leased. The office space has been occupied by the American company Oracle.
Moreover, the area dedicated to food retail has been 100 percent leased, the latest tenant being the event catering company Flavours, with its brand Stradale. Flavours is one of the major players in event catering and restaurant operations. In Oregon Park, Flavours will open its fourth Stradale restaurant.
Among those who rented in the retail area is Lagardere Travel Retail, the operator of “1 Minute” concept. Present in the major medium and large business centers in Bucharest, “1 minute” is an international brand of fresh snacking & convenience.
From the technical standpoint, 95 percent of Building A’s structure is completed, the works on the interior and the facade are simultaneously progressing. The building consists of two basements, ground floor plus 6 floors, and has a leasable area of 20,104 sqm. The completion date of Building A is June 2016. On the other hand, the development of Building B continues as planned, its leasable area amounting to 24,619 sqm. Work on Building C will begin later this year. In total, the three buildings of Oregon Park project will cover an area of 69,342 sqm.
“With every project developed in Romania, Portland Trust has set new standards of quality regarding office buildings in Romania, bringing the latest and most advanced technologies in the construction of Class A green office buildings. An example of a such technology is the geothermal heat pump system, which offers one of the highest known levels of energy efficiency in the world. Oregon Park sums up all specifications and technologies that have proven their efficiency in previous projects. The tenants will benefit from a better working environment, and significant discounts, of up to 40 percent of the final cost paid for energy used for heating and cooling,” explained Florin Furdui, Country Manager Portland Trust.
The Oregon Park buildings will have a BREEAM Excellent certificate, the same certification rating obtained by Floreasca Park, Portland Trust’s previous project.
Oregon Park is the sixth office project developed by Portland Trust in Romania, after Opera Center I and II, Bucharest Business Park, Floreasca 169A and Floreasca Park. With around 70,000 sqm of new office space, Oregon Park represents about 21 percent of the total of 330,000 sqm built and leased by Portland Trust in Romania, since 1999.
