CA Immo, which owns five office buildings in Romania with a gross leasable area of 106,000 square meters, has started a new office development in Bucharest this autumn. 

The project will have a total gross leasable area of 37,000 square meters and includes two H-shaped towers, which are linked together by a bridge hidden behind a glass façade. The construction has started in October 2015 with special foundation works, the entire project will be delivered in 2017. 

Bruno Ettenauer, CEO of CA Immo: „Our standing office portfolio in Bucharest has been nearly fully let during the recent years. In order to meet the growing demand for office space of our existing tenants, we decided to strengthen our local market position by developing a new office building, meeting all our quality criterias in terms of location, architecture and technical design.” After completion, Orhideea Towers will be included into the CA Immo investment portfolio. 

Orhideea Towers will be developed according to CA Immo’s highest quality standards, in terms of design, technical specifications and sustainability criteria. It is constructed as a green building and will apply for LEED Gold certification. In this respect, CA Immo can refer to a significant track record and expertise as a high-quality office developer. 

The two towers of Orhideea will have 13 storeys (GF+12 Floors), respectively 17 storeys (GF+16 Floors), with generous surfaces up to 2,700 square meters per floor and two underground floors each. The project includes 406 parking spaces and bicycle storage, showers and changing rooms for the cyclists. 

Marian Roman, Managing Director of CA Immo Romania: "The Central - West area of Bucharest has the potential to become the new office hub of the Capital, as the River Place office buildings that we also hold in this area, already have proven to be a success, accommodating tenants such as: British American Shared Services Europe, Misys, Ipsos, CGS, Thales, UPC and PTC Eastern Europe.” 

Orhideea Towers is located at the junction of Splaiul Independentei with Orhideelor Street with direct access to the Grozavesti subway station, benefiting from a unique location with excellent visibility both from Basarab bridge, travelled by up to 100,000 cars every day, and from Splaiul Independen?ei. 

In the vicinity of Orhideea Towers is the biggest student concentration: the Polytechnic University of Bucharest, counting a total of 25,000 students, and Regie campus, where more than 15,000 students live. Due to Basarab passage, placed in the vicinity of Orhideea Towers, Victoria Square, the business center of Bucharest, can be reached in a few minutes. 

Also, just 10 minutes’ walk from Orhideea Towers is the Botanical Gardens and within 10 minutes’ drive one can reach the Old City center.