The 3.4 hectare plot of land is located on Aviator Popisteanu Street and will be the site of an office space project. The plot is only several hundred meters away from the planned Romexpo station of the yet to be built subway line connecting Bucharest’s Gara de Nord (north railway station) and the Otopeni Airport.
“We cannot comment on the information about the land, we can neither confirm nor deny,” Stefan Oana, country manager BlueHouse Romania told ZF.
The sale of the land comes after BlueHouse’s sale of the City Gate buildings in Piata Presei (near the Romexpo complex, as well) last year. The Greek company also put up for sale the Olympia Tower in Piata Muncii in Bucharest and in 2015 sold Victoria Center.
Real estate consultants from international or local companies like Colliers or Regatta believe Piata Presei Libere to be the next Barbu Vacarescu for office space development, as the subway station to be built will completely transform the area. Moreover, several zoning permits have been approved so office buildings, conference centers and small hotels should begin operations in the area after 2020.
Prices in that part of the city range from EUR400 to EUR700/square meter, according to Colliers, so the 34,000 square meter plot should be worth more than EUR20 million.
(English version by Loredana Fratila-Cristescu)