| UpGround | |
|---|---|
| General information | |
| Status | Completed |
| Location | Bucharest, Romania |
| Construction started | 2007 |
| Opening | 2010 |
| Cost | €260 million |
| Owner | Deutsche Bank |
| Height | |
| Roof | 55 m (180 ft) |
| Technical details | |
| Floor count | 16 |
| Floor area | 226,000 square metres (2,430,000 sq ft) |
| Lifts/elevators | 16 |
UpGround is a condominium located in Bucharest at the intersection of Barbu Văcărescu and Fabrica de Glucoză streets and Şoseaua Petricani. The project consists of four buildings, two residential and two office with a total floor area of 226,000 square metres (2,430,000 sq ft). The two residential buildings have 16 floors each and include a number of 600 apartments and have a floor area of 126,000 m (1,360,000 sq ft). The project also includes the seven floor class A office building BOC Tower. The tower has a gross leasable area (GLA) of 57,000 m (610,000 sq ft) making it the largest office building in Romania. The most important tenants are Banca Românească which occupies 15,000 m (160,000 sq ft) and GfK with 2,730 m (29,400 sq ft).
In May 2008 the project was bought by RREEF Real Estate, the real estate branch of Deutsche Bank for €340 million making it the largest real estate transaction in Romania.
External links
- "Descriere Generala a Condominiumului si Detalii Tehnice" (PDF) (in Romanian). upground.ro. 2010. Retrieved 2011-02-13.
- "Cea mai scumpa cladire de birouri vanduta in Romania". Ziarul Financiar (in Romanian). 28 October 2009. Retrieved 2011-02-13.
- "Complexul mixt Upground va genera un profit de 190 mil. euro" (in Romanian). 9am.ro. 7 December 2007. Retrieved 2011-02-13.
- "Cele mai mari 10 tranzactii din ultimul deceniu". Wall Street Journal (in Romanian). 16 December 2010. Retrieved 2011-02-13.
44°28′47″N 26°06′53″E / 44.479728°N 26.114781°E / 44.479728; 26.114781
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