The building will be located close to the current headquarters of Israeli-held Leumi, near Charles de Gaulle Square and Herastrau Park. The builder is Bog’Art, controlled by businessman Raul Doicescu, which also carried out projects such as Charles de Gaulle Plaza and City Gate in Bucharest.
Dimofte, 52, has a zoning permit for this project he got back in 2008, allowing him to raise a five-story, 4,000-square meter building. The building permit was issued for a year, so that by May 2012 the building should be completed.
Dimofte is a discreet businessman, but he is highly active in Bucharest, with real estate, retail, hotel and restaurant operations. However, he is registered as a direct shareholder only in four companies, namely Aviatorilor Development, Practic SA, Parc Hotels and Casa Doina.
The building in northern Bucharest, designed by Architect Service, is erected through Aviatorilor Development, where Dimofte owns a 50% stake.
Dimofte could not be contacted for additional information on this project that entails an investment of at least EUR5 million, taking into account current construction costs.