This is the group’s first real estate project in Romania. The Green Gate project will be developed by firm Green Gate Development, owned by S Group Holding through a Cyprus-registered investment fund.
The company has already signed a construction contract with firm Bog’Art. Works are due to be finished on February 10, 2014.
The 10-story office tower will have a total area of 39,000 square meters and is built on a plot of land the group bought several years ago in Bucharest’s sector 5.
S Group was set up in 1991 and includes companies specializing in construction and facility management.