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News from Members Portland Trust announces the completion of J8 Office Park project

Portland Trust announces the completion of J8 Office Park project

by Portland Trust September 30, 2021

Portland Trust officially opened J8 Office Park project, located in the immediate vicinity of the Jiului subway station. The developer organizes a soft opening on Thursday 23rd to acknowledge the formal completion and handover of the building from the General Contractor, Bog’Art.

The office complex comprises 46,000 sq m net leasable area including approximately 3,000 sq m of retail and leisure space. The mix of leisure and services include World Class Fitness, Mega Image, Stradale restaurant, Mobile Pet, Coffee Island, X-Time, Pain Plaisir, Medy Sport, MediCover and most recently Medima Health who operate a specialist CT and MRI scanning business.

The office Building B of 23,000m2 is leased to UBISOFT for their country HQ and in addition a further 3,500m2 was taken in Building A along with Euroins who took 2,500m2 on 2nd floor.

The event also witnessed the unveiling of the “Pajura / Eagle” which was designed and crafted in stainless steel by celebrated British sculptor Colin Spofforth.

“The idea behind the sculpture is that the name of the neighborhood is Pajura and pajura (royal eagle) is also the Romanian for eagle which is also an integral part of the Romanian royal coat of arms. I wanted to combine the concepts of the digital world and the power of nature. The pixelated base represents technology which gradually merges into the eagle, which is graceful, powerful, commands respect. Blocks are set against the sleek flowing and organic shape of the eagle. The sculpture will also reflect the sky and architecture of the buildings”, stated Colin Spofforth.

The consultants involved were Chapman Taylor (the architects) Western Outdoor (planning consultant), Cundall (MEP designer), OPTIM (Project and cost managers) and ALLIED and UTCB (structural designers). Particular thanks were given to Raul Doicescu of Bog’Art for bringing in the project to a great international quality, on time and on budget. The specification was upgraded to future proof the building in terms of ventilation and air quality and is designed to BREEAM OUTSTANDING.

About Portland Trust

Portland Trust is a commercial property developer and investor active in Central and South Eastern Europe for over 20 years. J8 Office Park (www.j8officepark.ro) is a joint venture with ARES Management Corporation, a global alternative asset manager and SEC (Securities and Exchange Commission) registered investment adviser with approximately $145 billion of committed capital under management and more than 900 employees. Together Portland and ARES have developed over 800,000 sq m including 7 office buildings and parks in Bucharest and have won many awards for design and sustainability.

 

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