EUR 40 mln real estate project to be built on the grounds of former Grivita brewery in Bucharest

Newsroom 14/04/2014 | 16:17

Kiseleff Development wants to build a EUR 40 million real estate project on the grounds of the former Grivita brewery in downtown Bucharest and over the ‘next period’ it will begin works to clear the site, announced today representatives of Element Development, the project’s developer.

The real estate project will feature office and retail buildings and it will be built in three phases. The developer has announced that three of the historical buildings on the site will be preserved and rehabilitated to host restaurants, cafes, terraces and a brewery. The project’s architect is Vladimir Arsene, from Westfourth Arhitecture.

The 2.7 ha plot of land on which the former Grivita brewery is built was bought at the end of 2013 by Kiseleff Development from Heineken Romania. Kiseleff Development is controlled by several Romanian investors one of which is Ionut Dumitrescu, the founder of Eurisko which in 2008 was sold to CBRE Romania. The land is located near the Basarab overpass.

Dumitrescu has been involved in other real estate projects such as HQ Victoriei, a 9,000 sqm office building which was completed in  2009 and was later sold to Zeus Capital, an investment fund.

Simona Bazavan

BR Magazine | Latest Issue

Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric
Newsroom | 27/03/2024 | 17:32
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue