ASSET & PROPERTY MANAGEMENT

Portland Trust has provided asset and property management on the following projects.

 

FLOREASCA PARK, Bucharest, Romania

Floreasca Park has been designed to provide a combination of high specification, efficient office space with particular focus on low energy consumption in a pleasant, attractively landscaped plot of 1.5 hectares. The 37,000m2 A class offices were leased to excellent tenants and the development won CEEQA " Office Development of the Year 2014" and "Green Building of the Year 2015". The innovative ground sourced heat pump system is one of the first of its kind and contributed to the BREEAM Excellent certification with 82 points.

BUCHAREST WEST, Romania

This 94ha site is one of the first major light industrial parks in Bucharest and is located on the western border of the city, close to the Carrefour/Militari retail park on the A1 highway at junction Kilometer 13. This junction is acknowledged as the premier logistics location in Bucharest. All infrastructure, including a 60 megawatt electricity substation, water retention lake and sewerage system, was newly built, with the first tenants taking occupation in summer 2006. Portland has constructed over 145,000m2 and provides full property management, asset management and accounting services.

EUROVEA, Bratislava, Slovakia

Developed by Ballymore, Eurovea is a new build, award winning, high quality mixed use development on the banks of the Danube in Bratislava, Slovakia. Tenants include Sports Direct, Marks & Spencer, Mango and H&M. Portland Trust worked with joint venture partners Ballymore Eurovea to leased the 25 000m2 of office space and reposition the 55.000m2 shopping mall during 2010-2014. Portland Trust's role included financial budgeting, individual budgeting of office, residential and retail service charges, general OPEX, marketing and various construction and improvement initiatives.

PRAHA CITY CENTER, Prague, Czech Republic

This landmark property was constructed in 2006 and is well known as one of Prague’s first prime office buildings comprising approximately 16,000m2 over a multi-storey car park. Located in Prague 1 the building has been occupied by top corporations for many years. In 2015 Portland undertook the total refurbishment of the main entrances, retail passage, lift lobbies and external canopies. Portland Trust reorganised and reduced the service charge and provides full asset management services to the investor, Tristan Capital Partners.

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