13 C
Bucharest
November 27, 2021
BUSINESS

Billionaire Ioan Niculae, to develop Romania’s tallest building

The plot of land that InterAgro owns, part of Galaxy Tobacco, formerly “Tutunul Romanesc”, will be turned into a real-estate complex, according to Money.ro. This will include two twin office blocks, of 32 storeys, and several blocks of flats, Ioan Niculae, the owner of InterAgro, stated. “We will have office buildings, housing buildings, a hotel and a private hospital. The project will be erected on the seven hectares-surface we now own, out of Tutunul Romanesc, near Carrefour Orhideea, in what is the new commercial and financial centre of Bucharest,” the businessman said. According to the latter, the total cost of the project will be EUR 25 M, out of which approximately 30 pc will be his own contribution, while the remaining will be covered out of called-up funds. Permits are to be obtained in the next two months, while the actual building works will be completed in three years’ time. InterAgro itself will move shop in one of the two towers. The Chief Architect of Bucharest, Gheorghe Patras­cu, argues that, although such a 30 storey-building can be erected, if an Urban Plan (PUZ) is drawn up, it would, nonetheless, be a shame to build one, as it would not fit in with other buildings in the area.

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