Portland last year bought from Nusco group a 4-ha land plot located in Pipera and this winter hired Apolodor to clean up the plot for the development of a new business park.
“Oregon Park has entered the finishing straight. We appointed Strabag as general entrepreneur and in the first stage we’ll erect two buildings with a 78,800-sqm built area and a rentable area of 45,000 square meters,” Florin Furdui, managing director of Portland Trust Romania, told ZF.
This will be the fifth and biggest office project developed by Portland Trust in Romania.
Oregon Park will be made up of three office buildings with a rentable area of around 70,000 square meters, with the total value of investments being put at over EUR100 million. Works for the two buildings are expected to be completed by mid-2016, according to previous statements by Portland Trust representatives.
Strabag in 2013 generated revenue worth EUR322 million in Romania, a market where the Austrian company has grown both through public works, such as Deva-Orastie highway, and private investments.
(English version by Catalina Apostoiu)