The following office developments have been completed by Portland Trust since 1999.
The site comprises 4 hectares of land in Floreasca and will be developed into a low rise, low energy business park in this northern suburb of central Bucharest. Building A totals 20,000m2 of net office space and has been preleased to Oracle as part of their ongoing expansion. Building B totals 24,000m2 and will also be completed in Summer 2016. Building C will comprise 27,000m2 and will be constructed as phase 2. All buildings will benefit from a ground sourced heat pump system which is a proven innovative system which significantly reduces the volume of electricity and gas needed to heat and cool the office space. The specification will be typically Class A institutional standard with ample car parking underground.
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.
Floreasca 169 is a 38,000m2 net office building completed in 2009. It is located in the Floreasca sub market just north of Bucharest city centre and adjoining Aurel Vlaicu metro station. The building was pre-leased to Oracle, Holcim, L'Oreal, DHL, Regus and other multinational companies.
This was the first true suburban office park in Bucharest, developed on 2ha of land on Bucharest’s main route north of the city to Ploiesti, adjoining the famous “House of the Free Press”. It was designed with various interlinking office wings and its surroundings are attractively landscaped respecting Bucharest’s green boulevard from the airport to the center. The main tenants are IBM, BAT and various multinationals. The complex totals 24,500m2 net leasable plus two levels of underground parking. The project won the DTZ “Best Office Development 2005” from the Central & Eastern European Real Estate Quality Awards and the same from Europroperty Southeastern Europe Property Awards.
This suburban office project sits on a 3ha site and was completed in early 2006. It features 14,000m2 of high-quality air conditioned office space, 340 car spaces and each floor offering a maximum of 3,500m2. The site is linked to the Zličín metro station and is only 15 minutes by car to the center of Prague. It is situated 400m from the new western ring road affording easy connection to the airport and the rest of the national highway network. This area of Prague is popular for corporate headquarters and Oregon House was leased to Schindler, McDonalds, IKEA,CEMEX and ADP.
A joint development with ECM, a Prague-based fund manager and property developer, for the construction of country headquarters for Nederlanden Asigurari de Viata (part of the ING group) and PriceWaterhouseCoopers. The 12,500m2 building is class A standard with 8 floors of office space and 2 underground parking levels. It overlooks the Dambovita River and the National Opera House, and is 50m from the Eroilor metro station. The building was completed in January 2001 and is fully leased. Tenants also include GlaxoSmith Kline and USAID.