PL

Ford factory to be brought back to life

Office & mixed-use development
ROMANIA One United Properties and Auchan Romania are to develop the One Floreasca City mixed-use project at the junction of Mircea Eliade Blvd and Floreasca in 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 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 developed on a 2.8 ha plot, with 30 pct of the site destined to be green areas. Much of the space is to be pedestrianised, while the developer has also set aside 0.1 ha for infrastructure, which 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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Edition 6 (289) June 2024

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