UpGround

UpGround
General information
StatusCompleted
LocationBucharest, Romania
Construction started
2007
Opening2010
Cost€260 million
OwnerDeutsche Bank
Height
Roof55 m (180 ft)
Technical details
Floor count16
Floor area226,000 square metres (2,430,000 ft2)
Lifts/elevators16

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 ft2). The two residential buildings have 16 floors each and include a number of 600 apartments and have a floor area of 126,000 m2 (1,360,000 ft2). The project also includes the seven floor class A office building BOC Tower. The tower has a gross leasable area (GLA) of 57,000 m2 (610,000 ft2) making it the largest office building in Romania. The most important tenants are Banca Românească which occupies 15,000 m2 (160,000 ft2) and GfK with 2,730 m2 (29,400 ft2).

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.

  1. ↑ "Descriere Generala a Condominiumului si Detalii Tehnice" (PDF) (in Romanian). upground.ro. 2010. Retrieved 2011-02-13.
  2. ↑ "Cea mai scumpa cladire de birouri vanduta in Romania". Ziarul Financiar (in Romanian). 28 October 2009. Retrieved 2011-02-13.
  3. ↑ "Complexul mixt Upground va genera un profit de 190 mil. euro" (in Romanian). 9am.ro. 7 December 2007. Retrieved 2011-02-13.
  4. ↑ "Cele mai mari 10 tranzactii din ultimul deceniu". Wall Street Journal (in Romanian). 16 December 2010. Retrieved 2011-02-13.

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