North Gate, developed by businessman Marian Ivan, was in difficulty and was executed by force.

The tenant of the project is Renault Technologie Roumanie.
"Funding for the acquisition will be partly covered by own funds, partly from bank financing. We believe it is one of the best office buildings in the Pipera area, "says Victor Capitan, co-owner of One United Properties, for mirsanu.ro.

For the North Gate, Ivan, through the developer Creativ Invest Grup, received a 48m-euro funding on July 25, 2008 from Westdeutsche Immobilien Bank, which he could not repay, so the project was forced executed.

At its first auction in the spring, North Gate was put on sale without success for 22.4 million euros without VAT.

North Gate has a total area of 25,891 square meters, a built area of 35,000 square meters, including the underground parking and an adjacent land area of 12,000 square meters. The project bought by One United Properties has approximately 500 parking spaces, half in the basement and the rest on the outside. (source: mirsanu.ro)