What Will the Iulius Romexpo Project Look like, the Largest Business Park in Bucharest

Iulius Romexpo

Iulius Romexpo breaks the record in several chapters: most functions in the same project (offices, conference center, co-working spaces, apartments, retail, water park, garden, fresh market, hotel, exhibition, and cultural space), most offices together – about 300,000 square meters, the largest developed area developed by an investor in a project – 1.3 million square meters and the tallest building in Bucharest – 41 floors, about 180 meters, according to the first drawings made available by the investor, in a public debate.

In total, 14 new skyscraper buildings are planned, most of them for offices. It is estimated that 30,000 employees will be able to work in them.

The offices will be built to green building standards. This investor has in his current portfolio LEED certifications for spaces in operation.

The concept of mixed-use proposed by the Iulius Romexpo project brings in one place, in addition to offices, the most facilities: an exhibition space, service, and food areas, shops, a 5-star hotel, leisure facilities, both indoors and outdoors, among which, for the first time, there will be a water park.

The architects also included in the plan a fresh market area, where they will be able to buy fresh food, both by the employees who work in the office spaces and by the tenants of the apartments that will be built within the complex. As a complementary point of attraction, the Museum of Monetary History could be built here.

According to the PUZ under public debate, on the land of about 33 hectares could be built in stages buildings that will have a total of 230,000 sqm built area, 1,300,000 sqm developed area, with an estimated investment of approximately 2, 87 billion euros.

“We want to include Romexpo in the international circuit. We are convinced that the related functions will have the capacity not only to impose ourselves on the map of European attractions in the field but also to revitalize Bucharest socially, culturally, and economically. A project of such importance requires the cooperation and involvement of the public and private environment, but also the support of the authorities and the community “, said Mihai Daraban, President of the Romanian Chamber of Commerce and Industry.

The Zonal Urban Plan (PUZ) under debate also has a tunnel connecting the future metro station to the Expozitiei, which will be built on the future M6 metro line that connects the city with the airport.

The Expozitiei Area is the latest business hub in Bucharest. It has been developing rapidly in the last two years, as our ESOP Consulting consultants were the first to estimate in the press that it will happen. One successful project in the area that has attracted large office tenants is Expo Business Park, where ESOP has mediated three transactions.

If you would like more information about the business parks in Bucharest, please contact the ESOP team by filling this brief form, or by phone (+4) 0723.26.61.97 or (+4) 021.528.04.40. We’ll promptly answer your inquiry!

Alexandru Petrescu

Founding Managing Partner of ESOP Consulting | CORFAC International with 20 years of experience in real estate consulting and entrepreneurship.

Postari similare

What Office Buildings Will Be Put into Use in 2022 and Where

In 2022, most office spaces will be put into use in the Cotroceni – Răzoare – Grozăvești areas. “In total, in 2022, we estimate that a total area of ​​162,087 sqm of class A office space will be delivered. Approx. 59% of these spaces will be delivered in the Center-West area of ​​the capital (94,723 […]

Read more

What Office Buildings Will be put into Use in 2021

With an area of 171,341 sqm, nine office buildings have space deliveries scheduled for the next year in Bucharest. All have construction works on time, and five of them have pre-leased spaces that reach approximately 60,000 sqm. As a novelty, more of the buildings have outdoor terraces, more generous than in the past. Furthermore, these […]

Read more

What Will the One Cotroceni Park Project Look Like

One Cotroceni Park is most likely one of Bucharest’s most ambitious urban regeneration projects: a landmark mixed-use project, with over 75.000 sqm A-class offices in a  modern business park, 800 apartments, and 20.000 sqm retail spaces. And it is also probably one of the best pre-leasing opportunities in the office market in 2020 – 2021 […]

Read more