Israeli real estate developer Hagag Development Europe has finished the construction works – refurbishing and reconversion – for its office project H Victoriei 109.

The building will be delivered following the final reception protocol.

So far, 50% of the project’s gross leasable area (GLA) has be contracted.

The whole building, from the resistance structure, interior design elements to the eclectic architectural elements that adorn the facades and exterior walls have been reconsolidated and reconditioned. The electrical infrastructure, sanitary and air conditioning installations of the edifice have also been renewed.

Tenants will enjoy spacious meeting rooms, 30 above-ground parking spaces, bicycle racks and showering facilities, as well as the storage spaces available on the lower level of the building.

"Reintroducing a 70-year-old building into the commercial circuit was not only a challenge, but also a complex effort. H Victoriei 109 is more than an address, it is a destination, and the joint efforts we have been conducting, together with our collaborators, for the reconversion of the building have had at as epicentre a versatile and futuristic concept that supported us in transforming an old-fashioned, dusty building, with a deficient resistance structure, degraded facades and interior spaces, into a state-of-the-art office building”, stated Yitzhak Hagag, Chairman and Board Controller Hagag Group.

The building at Calea Victoriei 109 was oil and gas group Petrom’s headquarters in the past. Hagag announced in 2018 that it would invest EUR 8 mln in consolidating and modernizing the building.

editor@romania-insider.com

(Photo source: the company)