Portland Trust has acquired a 16,000 sqm plot of land on Jiului street near Bucurestii Noi Boulevard. The transaction price is estimated at about €5-6 million, according to zf.ro.
The developer is planning to build 45,000-50,000 sqm of offices on the land with commercial space on the ground floor. Construction is scheduled to start in Q2-Q3 2019.
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