REAL ESTATE DEVELOPMENT - Blvd. UVERTURII 224-240 BUCHAREST

REAL ESTATE DEVELOPMENT - Blvd. UVERTURII 224-240 BUCHAREST

Mixed-use development at Blvd. Uverturii 224-240, Bucharest: basement + ground + 3 floors, ground-floor commercial, offices above. Final program (hotel, hotel+retail, or residential+retail) pending new city PUZ. Linked to PETCU CONSTRUCT restructuring.

The site is located in Bucharest Sector 6, near Lacul Morii and the Dâmbovița river, with access to Universitatea Politehnica, the Botanical Garden, and central Bucharest via Splaiul Independenței. Land area: 5,000 sqm; total built area: approximately 9,500 sqm; total rentable area: approximately 5,500 sqm.

The baseline design (basement + ground floor + 3 upper floors) allocates the ground and 1st floors to commercial space, including a supermarket unit and concessionaire spaces, with the upper floors used for offices and complementary facilities. Parking: 188 spaces, including 127 in the basement, plus ground-level and truck-supply bays, of which 8 are reserved for persons with disabilities.

An alternative design is also being evaluated for this site: a hotel, a hotel with retail, or a residential building with ground-floor retail. The final program will be confirmed once the new PUZ (urban zoning plan) is issued by Bucharest City Hall.

This land is an asset of PETCU CONSTRUCT SRL, currently in insolvency (see separate listing: "Restructuring PETCU CONSTRUCT SRL"). Development is contingent on the company's broader restructuring plan and requires the involvement of an investment partner. Estimated development value: €10-15M.