An IT company is interested in leasing more than half of the office space.
Hercesa manager for Romania, Mauricio Mesa Gomez, said the construction is due for completion in 18 months, adding rents in the respective area, where there are not so many office buildings, range between EUR12-13/sqm/month.
Hercesa holds a 700-sqm land in the vicinity of Piata Unirii Square where it was planning to develop a hotel.
Hercesa also plans to set off in 2015 the construction of the third stage of residential compound Vivenda in Bucharest, which will comprise 100 apartments. The investment worth EUR5 million will be covered by funds obtained from the sale of a 13,000-sqm land in the vicinity of the Basarab passageway.
Three blocks with 420 apartments were developed within the first two stages of Vivenda, being available for constructions nearly 25,000 sqm of land.
Hercesa entered the Romanian market in 2004, and, according to Mesa, the company has so far invested nearly EUR150 million in lands and development projects.