The company held by Briton Robert Neale was the first to go to the Expozitiei area in northern Bucharest to develop an office space project at the beginning of last year, whose main tenant is ING and is now going one subway station away for a new office space project.
“We bought the land to build office space there. We have the Jiului subway station nearby, the streets and boulevards in the area have been modernized and we can easily reach the center and the airport. The area is a natural continuation of the office space hub in Expozitiei area, which is near the 1 Mai subway station,” said Florin Furdui, country manager of Portland Trust.
The company was established by Briton Robert Neale who is also its managing director.
Work on the site will begin in the second or third quarter next year.
“We are considering construction of two office buildings with a total lettable area of 45,000 to 50,000 square meters of office space and retail space on the ground floor. We expect the area to develop quite a lot in the next three to five years, considering the projects announced.”
(English version by Loredana Fratila-Cristescu)