The project will be called Fosta Fabrica (The Former Plant i.e.), designed by Romanian architects.
“We are now in the process of securing the permits for the Fosta Fabrica project,” Mindaugas Valukas, Hanner CEO, said.
Hanner has already secured the permits for two of the three buildings. It took a year to get them because it will preserve those buildings not destroy them. It also conducted testing because the surviving buildings on the site were built using concrete more than a hundred years ago, the official added.
Fosta Fabrica will be completed by late 2019, but the exact time depends on how soon the developer secures all the necessary permits.
Hanner therefore 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).
The developer does not want to compete with the other office buildings in the Orhideelor area, but wants to provide a different concept, which is why it decided to make the office space smaller. The office space in its project will be suitable to coworking, to attract small businesses and freelancers. Hanner expects its biggest tenant to have 50 employees instead of hundreds or thousands like those in other buildings in the area do, Mindaugas Valukas said.
Hanner has also built The Park residential project in Bucharest.
(English version by Loredana Fratila-Cristescu)