Hagag finishes construction of Bucharest office project

21
Aug
2020
News - Hagag finishes construction of Bucharest office project #Bucharest #development #Hagag #office #Romania

by Property Forum | Office

Real estate developer Hagag Development Europe finished construction works – refurbishing and reconversion – for its office project H Victoriei 109 in Bucharest. The building will be delivered following the final reception protocol. Up to the present time, 50% of the GLA has been contracted.


The entire building, from the resistance structure, interior design elements to the eclectic architectural elements that adorn the facades and exterior walls have been reconsolidated, respectively reconditioned, and the electrical infrastructure, sanitary and air conditioning installations of the edifice have been renewed, the project receiving the Excellent BREEAM in Use certification. Tenants will enjoy spacious meeting rooms, 30 above-ground parking spaces, bicycle racks and shower facilities, as well as the storage spaces available on the lower level of the building.

The project offers two individual entrances with independent lobby areas with access from Calea Victoriei and Calea Grivitei, three state-of-the-art elevators, two interior stairs cases, energy-efficient Class A air conditioning systems, LED lighting, floating floor, generous windows and large areas abounding in natural light, a generator, cooling systems for the technical rooms, top security and surveillance systems, and also a charging point for electric vehicles. Each level is equipped with an HVAC system and a technical space - designed to accommodate mini data centres, and the possibility to install, on tenants’ request, two kitchenettes with a brunching area.

"Owning such a valuable property for the past, present, and the future of Bucharest is an honour for us and, at the same time, a huge responsibility. Reintroducing a 70-year-old building into the commercial circuit was not only a challenge but also a complex effort. H Victoriei 109 is more than an address, it is a destination, and the joint efforts we have been conducting, together with our collaborators, for the reconversion of the building have had at as epicentre a versatile and futuristic concept that supported us in transforming an old-fashioned, dusty building, with a deficient resistance structure, degraded facades and interior spaces, into a state-of-the-art office building,” stated Yitzhak Hagag, Chairman and Board Controller Hagag Group.

The building can be accessed through the main entrance from Calea Victoriei Boulevard or through the second access gate from Calea Griviței. H Victoriei 109 also offers auto and pedestrian access possibilities for the parking area linked to Calea Grivitei - a passage which is connected to the building over another access way that connects with the courtyard area. Considering the ultra-central location of the project, the exterior facade is LED illuminated for better highlighting the architectural details.




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New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


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