The investment in the project, called Fosta Fabrica (The Former Plant i.e.), exceeds EUR30 million.
“One building site is already active. We will be starting work on the other buildings in the project,” said Hanner Romania’s new country manager Mindagaus Valuckas, appointed earlier this week.
The project will have 5,000-6,000 square meters of offices and 31 apartments.
The contractor is SID Construct and the architecture firm Tecon will handle the designs.
Hanner joins other developers working on projects in the area, which will put tens of square meters of office space on the market, such as The Bridge (Forte Partners), Orhideea Towers (CA Immo), Campus 6 (Skanska, on the former Pumac plant site), and Bucharest Business Garden (Vastint).
Hanner has also built The Park residential project in Bucharest.