The plot of land has an area of 13,726 square meters, with a frontage length of 95 meters. The asking price is EUR950 per square meter or more than EUR13 million.
The Adesgo lot is right next to a plot of Forte Partners, where the latter plan to build an office space project on 18,000 square meters. Serban Voda Offices consists of five to six-story tall office buildings and will be developed by Serban Voda Plaza Development.
In case the Adesgo site becomes a real estate project it would follow the new trend of the market to focus on the center-south part of the city, now that Vastint has opened the first two buildings of Timpuri Noi Square and One United announced a luxury residential project in the area.
Adesgo SA is 99% held by Loar BV, in turn held by Israel’s Argaman Industries.
(English version by Loredana Fratila-Cristescu)