Forte Partners – Telekom Romania deal for a land of 1,700 sqm

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Forte Partners adds in its portfolio a 1,700 sqm land sold by Telekom Romania, located near ’Palatul Telefoanelor’, the first tall building in Bucharest built on a metallic structure, a press release informs. The transaction value was not disclosed.
The site allows the development of up to 9,000 square meters of office space and and areas for the employees of the future tenants. The company also considers other land acquisitions in the same area, given the current trading opportunities.
“We believe in the office developments in central and ultra-central areas and we rely on architecture, ergonomics, optimization and design thinking,” Geo Margescu, Founder Forte Partners said.
Considering that the land is located in a historical area of the capital, Forte Partners officials are taking into account the organization of an architecture contest.
”Developing new office buildings near Victoriei Street is a beautiful business opportunity, but at the same time a chance to create an iconic contemporary building for the city centre and new public spaces,” Margescu added.
Forte Partners is currently working on expanding the teams for its office and residential divisions.

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