Portland Trust announces new tenants in J8 Office Park

The real estate developer Portland Trust announces the leasing of an area of 2,500 sqm, located in building A of the J8 Office Park project, to Euroins Romania, one of the leaders of the insurance local market.

Portland Trust is preparing to complete the construction works for J8 Office Park office complex, this month. The project is located in the immediate vicinity of the Jiu subway station, in the New Bucharest neighborhood of the Capital. About 55% of the 44,000 sqm of building A have been pre-leased to Ubisoft Bucharest, which will have its regional headquarters here.

Most of the ground floor of building A has already been rented to several retail service providers, which include: a new Mega Image supermarket concept that will occupy 500 sqm, the first store located in Bucharest of the award-winning network Coffee Island, a Stradale restaurant that will cover an area of 600 sqm, as well as a store of the artisanal bakery chain, Plain Plaisir.

Bismobil Kitchen will also open a showroom with an area of 290 sqm, located in the immediate vicinity of the veterinary office Mobile Vet, which has 140 sqm. Also on the ground floor of building A, an Xpress unit will be placed in the reception area, where it will be possible to purchase convenience products, press, and food and drinks "to go".

Among the tenants of building A there are several important names in the medical and sports field, including World Class Romania, which will occupy an area of 1,400 sqm, on the ground floor and first floor. Medicover will offer medical services in a 235 sqm unit, and the Medy Sportline clinic, which will occupy 330 sqm.
The outdoor area consists of a very generous green space with benches, numerous plants and planters. Towards the end of September, the inauguration of a piece of art by the British sculptor Colin Spoforth is scheduled.

“Both Portland Trust and Ares Management have always had the capacity and know-how to find the right formula to make energy efficient buildings and to adopt new technologies to reduce the amount of fossil fuel used in our buildings. The J8 project has reached a new level of performance, in terms of ESG norms, with very good air quality and hygiene standards close to the requirements of medical standards. In the spring of 2020, we redesigned the MEP specifications, that target mechanical, electrical and sanitary engineering standards, so that we can now meet the highest and most demanding corporate requirements. Thus, we are ready to offer the best conditions on the local market in terms of work environment. In the near future, some multinational companies will have to move their offices to other spaces due to the low quality of office space available on the market, and we are ready to host them! ”, said Robert Neale, Managing Director of Portland Trust.