Portland Trust signed with Oracle for office building in Bucharest

This is one of the largest rental real estate transactions this year and shows the revival of the office market.

Oracle, which recently rented another 10,400 sq. m in the tallest building in Bucharest, Sky Tower, will hire another 2,000 people for the space rented in the office project Oregon Park.

The American company opened in 2004 in Bucharest the first centre of externalization of an IT multinational on the local market, a phenomenon which grew in the following years. In the 11 years of presence the company became one of the largest local employers, with approx. 2,500 employees last year.

Portland Trust bought last year from Nusco group a land of four hectares across the street from the Traffic Police in Pipera, and this spring signed with Strabag a contract for the construction of the first two buildings of the office project Oregon Park. (source: zf.ro)