Inter Ikea selects CBRE to lease out its office buildings in Bucharest
Vastint Romania, the local division of the Swedish group Inter Ikea, and real estate company CBRE will collaborate for leasing out the first two office buildings of the mixed real estate complex Timpuri Noi Square in Bucharest, reports local Ziarul Financiar.
The project will have up to 100,000 sqm of office and retail space, and 50,000 sqm of residential space. The first two office buildings cover some 33,000 sqm.
The work is advancing fast, and the buildings should be due at the beginning of 2017.
Inter Ikea has started the work at the two office buildings in February last year. The project is developed on a 5.1-ha plot bought in 2010 for EUR 34.6 million.
The group will first develop the two office buildings with an estimated EUR 20 million investment.
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