Gameloft, Ubisoft considering move to Portland Trust’s future office development in Bucharest’s Jiului area

Software companies like Gameloft and Ubisoft are reportedly interested in a possible move to the office project to be developed by Portland Trust near the Jiului metro station in Bucharest’s north-west, according to sources cited by Ziarul Financiar.

Portland Trust acquired a 16,000 sqm land plot on Jiului Street last fall from Pajura SA, in a transaction estimated around EUR 5 million.

The construction of the office project could begin in the second half of 2019, and it could include buildings up to 11-12 storeys high with a total leasable area of about 45-50,000 sqm.

Portland Trust, founded by Robert Neale, has developed six office projects in Romania: Opera Center I and II, Bucharest Business Park, Floreasca 169A, Floreasca Park and Oregon Park. The Oregon Park project was recently sold to Lion’s Head Investments for about EUR 165 million.

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