The land, which is located behind the Romexpo complex on the Expozitiei Boulevard cost about EUR10 million, according to ZF’s estimates taking into account a price of EUR700/square meter, and the seller was Bluerose. This is the first major deal involving land in the Expozitiei area, considered to be a future office space hub like Barbu Vacarescu-Floreasca and Orhideelor area. It will probably be the most important office space hub after 2020, real estate companies say, because of the construction of the subway line connecting Gara de Nord (North Train Station) and Otopeni Airport.
The 15,000 square meter plot is part of an almost 61,000 square meter site that Bluerose Ro bought from Compania Industriala Grivita for EUR72.9 million in 2007. At the end of 2013, Bluerose got a zoning plan showing it was allowed to build office, retail, services and residential buildings, two, eight, ten, 11, 14 and 17 stories tall, according to Sector 1 City Hall data, plus a 30-story tower. The plan was for 19 buildings on the site. The project did not materialize so now a part of that site was sold.
(English version by Loredana Fratila-Cristescu)