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IMMOFINANZ’s Office Project Metroffice Completes Building Structure and Progresses Towards Q2 2016 Launch

Date: 11/25/2015
IMMOFINANZ, one of the major real estate investors in Romania and a leading office building owner in Bucharest, has completed the structural works for the first section of Metroffice, its newest office development project in the Dimitrie Pompeiu area. With an investment value of approximately EUR 34 million, the first of three buildings will provide nearly 20,000 sqm of rentable space and is set to welcome tenants in the second quarter of 2016.

The structure of the first Metroffice building has recently been completed. The construction will have six floors (ground floor + mezzanine + 4 upper floors) and total rentable space of nearly 20,000 sqm. The rentable areas range up to 3,500 sqm per floor, with a flexible design that allows for individual and open offices. The general contractor for the Metroffice project is PORR Construct.

“Office development is a core part of our business and, with flagship projects such as Metroffice, we showcase our new <> motto. This is the ultimate flexible property, with tailored spaces and an exceptional quality level, addressing and surpassing what tenants look for in an office space”, said Christian Traunfellner, Head of Office at IMMOFINANZ.

“With a top location in northern Bucharest and great underground, tram and bus connections, we believe Metroffice will take office standards in Bucharest to a new level”, said Sorin Visoianu, IMMOFINANZ’s Country Manager Office & Logistics for Romania and Bulgaria. “Metroffice is just the first step in the area’s transformation into an innovative city district with office, retail, leisure and residential spaces,” he added.

When completed, Metroffice will provide work spaces for about 5,000 employees. This is the largest of the three Metroffice buildings and involved an investment of EUR 34 million.

Furthermore, preparations are nearing completion for a dedicated showroom at the project location. This new facility will offer an exclusive bird’s-eye view of the future office spaces, allowing potential tenants an actual glimpse of how their Metroffice headquarters will look. Moreover, with the completion of the first building structure, a new project website has been launched - www.metroffice.ro - together with a dedicated project brochure.

Over the next decades, the larger Iride City project calls for a mix of office space, restaurants, a hotel and conference center, a day-care center, a park and sports facilities, to revitalize this area of Bucharest. The latest standards in design and ergonomics will be put into practice, with plans for LEED certification and featuring, among other things, a green roof.

The entire project includes the refurbishment of the current Iride Business Park, the largest business park in Bucharest and one of the longest-standing addresses in the northern city business district. Iride Business Park is home to leading local and international companies, and sits on 17 hectares of land. It currently offers approximately 93,000 sqm of rentable area in 20 buildings, ranging from one to eight floors in size. When completed as a modern urban quarter, more than 20,000 employees will call Iride City their workplace.

On IMMOFINANZ

IMMOFINANZ is a commercial real estate company whose activities are currently focused on the retail and office segments of eight core markets in Europe: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Moscow. The core business includes the management and development of properties. The company has a real estate portfolio of approx. EUR 6.6 billion that covers more than 440 properties. IMMOFINANZ is listed on the stock exchanges in Vienna (leading ATX index) and Warsaw. Further information under: http://www.immofinanz.com

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