by Ákos Budai | Investment

Immochan Romania has acquired Coresi Business Park in Brasov from Jacobs Holding. The 40,000 sqm office project is located next to Immochan’s retail and residential developments. The transaction price has not been disclosed.

Coresi Business Park consists of 4 renovated buildings from former industrial halls and 3 new ones built in the last two years, according to Class A standards. The project, situated in the proximity of a public park and Brașov railway station, is served by public transportation, parking, restoration, and it will be directly connected to Coresi Shopping Resort and Coresi Avantgarden, by a pedestrian and bicycle lane.

The office project is spread over a park of more than 15 hectares, leaving space for future development of up to 60,000 sqm GLA, over a period of 10 years.