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March 29, 2023

Portland Trust, award for most innovative office project transacted in 2015

The real estate developer and asset manager Portland Trust received the “Most innovative office project transacted in 2015” Award at Forbes Best Office Buildings Gala 2016, for the green office complex Floreasca Park. Recipient of many international awards, Floreasca Park is a first class office project, having utilised a number of innovative green technologies and sustainability measures for the first time in Romania. The project has a BREEAM “Excellent” certificate.

The office project also won “Office Investment Transaction of the Year” at the 2015 CIJ Awards Gala, “Best Office Building of the Year” at the Central and Eastern European Quality Awards 2014 (Warsaw) and “Office Development of the Year” at EuropaProperty SEE Real Estate Awards 2014. Last year, Floreasca Park was purchased by the German fund manager GLL Real Estate Partners.

Currently, Portland Trust is building a new project that applies the latest and most advanced technologies in the construction of Class A green office buildings. Oregon Park is the sixth office project developed by Portland Trust in Romania, after Opera Center I and II, Bucharest Business Park, Floreasca 169A and Floreasca Park. Oregon Park will benefit from highly energy efficient technologies, including a geothermal heat pump system which generates a significant saving of over 30% of the final costs paid for the energy used for heating and cooling, elevators with an intelligent destination-control system and internal and external LED lighting.

Located in the Floreasca – Barbu Văcărescu area, Oregon Park will include three buildings with a combined leasable area of 70 000 sqm. Building A has a leasable area of 20 000 sqm, while buildings B and C will each have 25 000 sqm. The first two buildings, consisting of ground plus 6 floors, each with two levels of underground parking, are in advanced stages of construction and will be completed in the summer of 2016.



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