Among companies that have expressed interest are Gameloft and Ubisoft, sources on the market said. Ubisoft would be interested in renting 15,000 square meters, the said.
Portland Trust, which in May sold the project Oregon Park in Pipera, northern Bucharest, to Lion’s Head Investments for an estimated EUR165 million, bought a 16,000 sqm plot of land in the fall of 2018 from Pajura SA.
The land is located near Jiului metro station and provides easy access to the city center and to the airport. The area is a natural continuation of the Expozitiei office hub.
The development of offices could start in the second half of this year. An urban planning permit issued for the area allows constructions of up to 44 meters high, which means it could allow for office buildings with a total lettable area of 45,000 – 50,000 sqm.
AFI Europe is building the residential project AFI City in the area, a 2,000-apartment development near the Laminorului metro station. The developer is also considering building offices in the area.
Prime Kapital is building the Marmura Residence residential project near the Jiului metro station.