Forte Partners to build 500 apartments near U Center offices
Forte Partners is planning to build 500 apartments on Calea Serban Voda in Bucharest. The residential building will go up next to the developer’s U Center office project, which is currently underway. This would be the company's second major residential project, following the completion of Aviation Park in northern Bucharest. The U Center project is valued at €200m.
“We will build a residential project at U Center. There the first phase of offices is to be delivered in June next year,” said Geo Margescu, CEO and co-founder of Forte Partners. “We will start the second one when 80 percent of the first building will be rented, and now we are at 60 percent. The third phase, which we initially saw as offices, will be transformed into a residential one and will most likely include 500 apartments.”