Bog’Art construction company started the works for the project in August 2012. The building is currently 70% pre-rented.
TeamNet will be the most important tenant of Green Gate, renting four of the 11 floors.
The project is financed by PPF Bank in the Czech Republic, which granted a EUR39 million loan to the company.
In the first three months of the year, developers finalized office buildings totaling 23,400 square meters in Bucharest. Around 125,000 square meters of offices are expected to be completed this year on Bucharest’s office market, up 5% on the year, out of which 55% are already pre-rented.
S Group Holding was established in 1991 in Liberec city, and includes companies in construction, development and investment sectors.