June, 11, 2019: The Austrian real estate investor S IMMO AG has commissioned REC Immpuls with project development for the property following the acquisition of a property in Bucharest's city center. On the grounds of the Calea Dorobanti, modern, so-called boutique offices are to be built on a total area of around 5,000 square meters. Construction is scheduled to begin in spring 2021.
Calea Dorobanţi is one of Bucharest's oldest streets and is centrally located in an exclusive residential area. The planned building is located on a narrow, east-west facing plot. The plans provide spacious atriums, so that the offices enjoy the best of daylight quality. The design of the premises according to ergonomic principles as well as complementary high-quality services will complement the exclusive character of the building. There is also a restaurant on the premises.
S IMMO AG recently continued to invest in the office market in the CEE region, which has been showing itself very strongly for quite some time. The most recent office projects, such as the Einsteinova Business Center in Bratislava, Slovakia, and The Mark in Bucharest, have already been successfully let.
REC Partners GmbH with its 100% subsidiary REC Immpuls in Bucharest is an international team of engineers, architects and economic experts with branches in Frankfurt a.M., Hamburg, Cologne and Bucharest. Over the past 15 years, the company has supported clients across Europe in developing, managing and improving real estate projects totaling more than 10 million square meters. REC Partners employs around 80 people in Germany and Romania.
About S IMOO AG
S IMMO AG is a real estate investment company based in Vienna. The company invests 100% in the European Union and focuses on capitals in Austria, Germany and the CEE region. More than 70% of the real estate portfolio consists of offices, shopping centers and hotels as well as a supplementary part of residential real estate. Since 1987, the company has been listed on the Vienna Stock Exchange.
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