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Ford factory to be brought back to life

Alex Hayes 09 April 2018

Alex Hayes

Journalist

+48 22 356 25 20
alex.hayes@eurobuildcee.com

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

Ford factory to be brought back to life
All the sections of the project are scheduled for delivery in 2020
ROMANIA One United Properties and Auchan Romania are to develop the One Floreasca City, mixed use project at the junction of Mircea Eliade and Floreasca in the centre of Bucharest.

The former Ford factory on the site will be restored and converted into retail space, operated by Auchan Romania. The project also includes the 24,000 sqm One Tower class A office building, which is intended to be LEED certified with a Platinum rating, and three exclusive residential blocks with 250 apartments. The project is to be developer on a 2.8 ha plot, with 30 pct of the site intended to be green areas. Much of the space is to be pedestrianised although the developer has set aside 1,000 sqm for infrastructure that is to be developed for EUR 1 mln and handed over to the city authorities.

The Ford factory on the site dates back to 1935, when luxury cars were manufactured in Bucharest. The property was nationalised in 1948 and renamed Automatica. After the fall of the communism production at the factory ceased and for 20 years the buildings have remained abandoned. Under the new development, the facades are to be dismantled and restored.

A total of EUR 100 mln is to be invested in the Project. All three components of the project including the office, retail and residential space are t be delivered simultaneously, in 2020.

The project includes a 125,000 sqm build area (73,000 sqm above-ground and 52,000 sqm underground).


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