Skanska officials have repeatedly said they were looking into the land market in Bucharest for potential developments. Skanska did not comment on the information at hand. If the deal comes through, it should amount to some EUR8 million to EUR10 million. Official documents show the 8,000 plot can be used for hotel, hospital, and residential retail development.
If Skanska does come to the area, after Vastint has already built two office buildings in the Timpuri Noi Square project and is almost done with a third, the entire area would transform. A place of derelict buildings for years, despite its proximity to the city center and quick access to the subway, Vastint was the first two invest in cleaning and improving the area. Moreover, One United group is currently developing a premium residential project in the area, and Forte Partners is planning to develop an office space project nearby.
(English version by Loredana Fratila-Cristescu)