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Smart City European project worth 300 million euros

A group of investors made up of Immorent - from Erste Group, Rompetrol Group (TRG) and Patriciu family entered a partnership for the building of Smart City, a project whose investment is put at 300 million euros, reads a press release.

The money comes from Erste Bank. Smart City will be situated in northern Bucharest, close to Baneasa Lake. It will be composed of class A office buildings (50,000 sq m), commercial spaces and high-standard dwellings (100,000 sq m). The designs include the new headquarters of Rompetrol, a tower 110.7 m high, which can become a reference point in Bucharest. The future buildings of Smart City will use alternative sources of energy, and the residential buildings, the spaces for services and recreation (banks, stores, restaurants, cafes, clubs, kindergartens) will be designed so as to diminish the daily use of cars. The residential buildings will include shopping centers and parking lots, gardens will be landscaped at the upper storeys. The project will be developed around access roads, it will have some 2,500 places in an underground car park. Almost a half of the area will be green spaces. The project is intended to be among the most modern in Europe, in point of architecture and due to the many services it will offer. The initiators have launched an international architecture contest, invited to it were eight companies. The winner will be chosen this July. 'The development of the economy and the increase in the purchasing power, combined with the need to fill the gap separating Romania from 15 EU countries are arguments in favour of Romania, it is considered a country benefiting from an essential market for the strategic plans of Immorent in Central and Eastern Europe. Smart City is not only the first project to be developed in cooperation with Immorent in Romania, it will also be the biggest project in another country than Austria, and the second biggest after Erste Campus in Vienna, ' said in a press release Gertrud Meisel-Ortner, member of Immorent's administration board. Sursa: http://www.rompress.ro

Tags: project smart car

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