The office building in Brasov offers 28,000 sqm of offices in a total in four office buildings. The project, developed by Ravensdale Investments, also includes a 3,600-sqm conference center and 5,600 sqm of retail spaces. The first phase of the project will be delivered in autumn this year, some 14,000 sqm of space.
The local real estate market has seen fewer office leases this year, due to the financial uncertainties. However, several leasing deals have been sealed this year, although for decreasing office areas and at slightly lower rents. The Intesa SanPaolo pre-lease is one of the biggest such deals signed in 2009 so far.