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News from Members Portland Trust, Award for Most Innovative Office Project Transacted in 2015

Portland Trust, Award for Most Innovative Office Project Transacted in 2015

by Portland Trust February 29, 2016

The real estate developer and asset manager Portland Trust received the “Most innovative office project transacted in 2015” Award at Forbes Best Office Buildings Gala 2016, for the green office complex Floreasca Park. The prize was awarded to Florin Furdui, Country Manager for Portland Trust, on Thursday evening during the awards ceremony at the Hotel Sheraton in Bucharest.
Recipient of many international awards, Floreasca Park is a first class office project, having utilised a number of innovative green technologies and sustainability measures for the first time in Romania. The project has a BREEAM “Excellent” certificate.

The office project also won "Office Investment Transaction of the Year" at the 2015 CIJ Awards Gala, “Best Office Building of the Year” at the Central and Eastern European Quality Awards 2014 (Warsaw) and “Office Development of the Year” at EuropaProperty SEE Real Estate Awards 2014. Last year, Floreasca Park was purchased by the German fund manager GLL Real Estate Partners.

Currently, Portland Trust is building a new project that applies the latest and most advanced technologies in the construction of Class A green office buildings. Oregon Park is the sixth office project developed by Portland Trust in Romania, after Opera Center I and II, Bucharest Business Park, Floreasca 169A and Floreasca Park. Oregon Park will benefit from highly energy efficient technologies, including a geothermal heat pump system which generates a significant saving of over 30% of the final costs paid for the energy used for heating and cooling, elevators with an intelligent destination-control system and internal and external LED lighting.

Located in the Floreasca – Barbu Văcărescu area, Oregon Park will include three buildings with a combined leasable area of 70 000 sqm. Building A has a leasable area of 20 000 sqm, while buildings B and C will each have 25 000 sqm. The first two buildings, consisting of ground plus 6 floors, each with two levels of underground parking, are in advanced stages of construction and will be completed in the summer of 2016.

Portland Trust is one of the most important real estate development companies in Central and Eastern Europe. The company was founded in 1997 by Robert Neale, who is the owner and Managing Director of the company.
Portland Trust has had a long term joint venture with ARES Management, a partnership that has allowed Portland Trust to expand and invest in larger projects in various countries throughout CEE. In Romania, the company focuses on the development of office buildings and industrial parks to the highest standards. Portland Trust has offices in Prague and Bucharest and has built to date more than 550,000 m2 of leasable space.
Portland Trust is also dedicated to a clear and simple environmental policy of using local, natural materials where possible, designing buildings in a fundamentally efficient manner, use of modern, efficient technology and adhering to both local and international guidelines for energy efficiency. The company has won several awards for design and sustainability.

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