Atenor, through its Romanian subsidiary, will complete before end of the year, the purchase of a new site in Bucharest. The site of approx. 11,600 sqm located in the northwestern part of the city in the Expozitiei/Piata Presei Libere area will allow Atenor to develop a new office project of approx. 44,000 sqm.
The site is located in the northern office submarket of Bucharest which was an overall vacancy rate of 5.2% and a vacancy rate of Class A offices of 2.3%, the lowest vacancy rate in Bucharest. The newest approved metro line (with an estimated completion in 2021) planning to connect the main railway station of Bucharest with the International Henri Coanda Airport foresees a station just across the site.
This will be Atenor’s third project in Bucharest after Hermes Business Campus and Dacia One.
