Primavera Development and Griffes announced the launch of construction for Muse office building, to be located close to Miorita Fountain, in one of the most reputed office areas in Bucharest. The area offers unrivalled road connectivity and accessibility on DN1, towards both the heart of the city and the airport outskirts but also the high prestige of a historical neighborhood.
The total investment would exceed EUR 16 million and is scheduled to be delivered in 2023.
The two partners have joined forces into creating a strategic Joint Venture to develop as co-investors the office building. The construction works are under direct coordination of ACMS General Contractor, part of Primavera Group. Griffes is appointed to coordinate the sale, marketing and leasing of project, in an exclusive agency mandate.
MUSE is an office building offering 7,500 sqm rentable area on six above ground floors with matchless views over Herastrau Park and overviewing the historical Royal Railways Station, minutes away from the entrance. The property is well endowed with 3 underground levels and ramps going up and down for occupiers to reach their 150 parking spaces or technical and storage units.
The construction works have been kicked-off in November and already completed the excavation works, heading to the finalization of the underground infrastructure.
“Muse is our first project as direct investor, and we are excited to be involved more extensively than from the agency role. We are contributing to Muse through our in-depth market knowledge and methodical, creative approach of tenants. I am honoured to bring to the table the capabilities of an elite team of advisors that we built over the years, next to the great reputation of Primavera team,” added Andreea Paun, founder of Griffes.
