Belgian investor develops New York-like office tower in downtown Bucharest

Belgian investor Yves Weerts has started work on the office project Unirii View located in the Unirii area, in downtown Bucharest. The new 18-floor office tower will require an investment of EUR 33 million, Weerts announced. The investor has managed to sell his logistics project Deva Logistics Park to the group CTP, and will now focus on his first office project in Romania. Unirii View will have a total area of 18,000 sqm and will be completed in the second quarter of 2018. "With a look & feel that reminds of New York classic office properties, the building promises a unitary design, with column-free office space and floor-to-ceiling windows offering amazing 360-degree views over the city and an efficient space layout with unlimited arrangement options," according to the developer. Unirii View is strategically positioned in Unirii Square, the largest commercial area and main transport hub of Bucharest, being served by Unirii View metro station, 4 tram lines, 9 bus lines, and 1 airport express line. Weerts said that it’s easier to develop projects in Romania than in Belgium, because the country records a growth that can’t be seen in other markets. "I believe in Romania and the huge room for growth. After some years of analyzing the market, we want to seize the moment and now is the time we focused on developing a destination project in the center of the city, a place for tenants to grow their business, inspire their teams and build their brands. It is time we restore the value to this historical city and we shift attention from secondary areas to the center, as the hot spot of the community." The investor added that he has already started talks with possible tenants in the Unirii View office tower. “We are in advanced talks for about 40% of the total leasable area.” Construction firm Bog’Art will build the project. editor@romania-insider.com