The group plans to build a four-star hotel there and connect it to the airport via a passageway, like in other major airports in the world, market sources added. The project should also include an office space complex.
“Strabag is interested to develop real estate projects in Romania so we’re looking at a number of opportunities,” Strabag officials told ZF without going into details. S+B Gruppe did not return ZF’s calls for comment.
The important thing about this project is the passageway connecting it to the Otopeni Airport, which will influence the value of the deal. In case there is no certainty of a connection via a tunnel, the price will drop from EUR100/square meter to about EUR30/square meter, market sources say. There are a number of such plots for sale in the area.
The Otopeni Airport is the country’s biggest, handling almost 70% of the entire air traffic of Romania, which stood at 16.4 million passengers in 2016. Moreover, air traffic on all the airports in Romania and especially on Otopeni has been rising year by year, following development of leisure and business travel.
Investors are therefore interested in developing a hotel project in the area. There might also be demand for office space near the airport, either from airlines or from logistics companies in the area.
(English version by Loredana Fratila-Cristescu)