U•Center 2, awarded ”Best New Office Building” by Ziarul Financiar
Geo Mărgescu, CEO and Cofounder of Forte Partners, received the prestigious distinction during the ”ZF Office Market Trends” event organized by Ziarul Financiar on March 26th.
U•Center 2, a LEED v4 Platinum certified office building inaugurated in September 2023 and currently 90% leased, is among the projects that brought new business in Bucharest, contributing to the city’s economic development.
As acknowledged by Bogdan Alecu , Senior Editor at Ziarul Financiar and the host of the event, the U•Center project brought added value and transformed Tineretului area in one of the most important business hubs in Bucharest, while bringing benefits to the local community by transforming a formerly derelict land and improving the quality of life.
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”Office buildigs produce money, they generate taxes for the local and central budgets and create new jobs. For example, Booking Holdings directly leased 8,000 sqm in U•Center 1, employing more than 1,000 people there and another important IT company leased 20,000 sqm in U•Center 2. We have completed U•Center 2 and, according to our strategy to develop the next building when the previous one is leased, we intend to start development of the third phase, which will be a mixed office and residential project”, said Geo Mărgescu during the „How will Bucharest develop beyond 2024?” panel.
Asked by Bogdan Alecu if Forte Partners will continue to develop the Sector 0 Initiative, currently comprised of Millo Offices and the Tandem Building, Geo Mărgescu said: ”We'll keep building, because we believe in revitalizing the city center. We can contribute to its harmonious development. I think it is important to consider the existing architectural values in Bucharest and with the architecture that we and our colleagues, the other developers, propose for the central buildings, I think Bucharest will change for the better in the coming years”.
Read more about the ”ZF Office Market Trends” event HERE
Vice President, Global Real Estate at Booking Holdings (NASDAQ: BKNG)
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