ZF: Best business centers in Bucharest. Octagon, contractor within 6 of them

 

Sky Tower

Ziarul Financiar has interviewed eight real estate consultancy firms to draw up a top of the business centers that suit best the criteria of the companies looking for new headquarters. Extremely dynamic on the office market, in the past years, OCTAGON has been contractor within 6 of these projects.

Victoria Center building on Calea Victoriei, Sky Tower near Promenada Mall, where OCTAGON has performed infrastructure works in top- down system and AFI Business Park near AFI Palace Cotroceni Mall are the office projects in Bucharest that fit most of the criteria.

Victoria Center is the most attractive office building in Bucharest, with a leasable area under 10,000 sqm, Sky Tower is the brokers’ favorite building over 10,000 sqm, while AFI Park is the highest rated business park, according to the analysis which took ten criteria into account.

Olympia Tower

The projects divided into three categories – under 10,000 sqm, over 10,000 sqm and business parks – have been graded from 5 to 1 upon 10 criteria: technical specifications, access, space efficiency, operational efficiency, visibility and design, quality of administration services, building and surrounding facilities, price/quality ration, high parking rate and good reputation of existing tenants.

Green Gate

Located in a central area, on Decebal Blvd., Olympia Tower office building is one of the most modern in Bucharest, with an area under 10,000 sqm. OCTAGON has performed the infrastructure works (diaphragm walls, bored piles, general excavation, crown beam) and superstructure works for this building.

Among buildings with areas over 10,000 sqm, Green Gate, located on Tudor Vladimirescu Blvd. in Bucharest is one of the most recently delivered. OCTAGON has been specialized contractor for the office building and has performed geotechnical works: diaphragm walls, bored piles, dewatering systems and crown beam. The building has 10 floors and a 39,000 sqm total area.

Hermes Business Campus

Green Court Bucharest- Building A

OCTAGON has also been involved in the construction of two of the largest office parks in Bucharest: Hermes Business Campus (Dimitrie Pompeiu Blvd.) and Green Court Bucharest (Gara Herastrau St.). The company was general contractor for the first office building within the complex. After delivering building A of Green Court Bucharest complex, developed by real estate giant Skanska, OCTAGON is continuing the superstructure works to building B, which will be delivered this year.

Green Court Bucharest- Building B

On the list of projects built by OCTAGON, listed in ZF top there is also Floreasca Park, located in northern Bucharest on Pipera Road. OCTAGON was specialized contractor and performed geotechnical works within the building.  

For more information click HERE. 

 

OCTAGON CONTRACTING & ENGINEERING

Phone: (+4)021.232.39.20

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OCTAGON delivers special foundation and infrastructure works on PC Business Center

OCTAGON delivered the special foundation and infrastructure works on the office project P. C. Business Center, located in the north of Bucharest, on 7-9 A Bucharest- Ploiesti Road.  The company performed the following works: diaphragm walls D 600, bored piles D 620- h = 12 m, crown beam, dewatering system, infrastructure- raft S 2, S 1, underground hydro- insulation and water basin. PC Business Center will have 9 floors.

 As Alexandros Ignatiadis, co-founder and shareholder of Octagon C&E. said: "In the first half of this year we started works on three new projects. A project begun last autumn, on which we are still working, is an office building, PC Business Center".

    

 For more information click HERE.

OCTAGON CONTRACTING & ENGINEERING

Phone: (+4)021.232.39.20

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Video: OCTAGON- Construction of concrete structure and bored piles for Residential Complex Maresal Averescu 159

OCTAGON CONTRACTING& ENGINEERING has not built many residential buildings, but the projects delivered were major for the company’s portfolio.

One of the first projects built by OCTAGON was a residential complex consisting of three buildings, located on 159 Maresal Averescu Blvd.   

The video below renders the works performed by OCTAGON within the complex: infrastructure works- diaphragm walls, bored piles and concrete structure.

https://www.youtube.com/watch?v=n29QhEzM6f4

The Construction Agenda: OCTAGON- 2 million euro works for large scale infrastructure projects

Octagon Contracting & Engineering, one of the main constructors of special foundations in Romania is  working on three large scale infrastructure projects in Romania. The total value of the projects is around  2 million euro. Octagon will cash 600,000 euro for geotechnical works performed at the underground passage from Presei Libere Square in Bucharest.  Another important project is the rehabilitation of Brasov – Simeria railway,  Coslariu – Sighisoara section, Micasasa – Coslariu sector, worth 260,000 euro. "In this project we were subcontracted by the Greek contractor Aktor. We also executed bored piles for sections A, D and E of the second sector of  Lugoj – Deva highway, a  5 million lei (1.14 milion euro) project,  as the subcontractor of Salini Impregilo ", said Alexandros Ignatiadis, co-founder and shareholder of Octagon C&E.

 Poor management of public investments blocks the infrastructure development

According to the manager the main issue the local infrastructure and public works market is facing is the poor management, which triggers poor results in the area. "Delivery terms are extended three times on average and these delays generate financial loses. We have major delays in each stage of a project’s  development, starting with the feasibility stage and continuing with the launching of the specifications book, which is contested several times. A lot of time is wasted trying to solve the contestations, after which a new bid the results of which are contested again is announced.” said the shareholder of Octagon.

The new rules for the awarding of public contracts, voted by the European Parliament on January 15^th  2014, have not solved the issues of the Romanian legislation either. "Maintaining the lowest price as the main awarding criteria can significantly impact the quality of delivered projects. We need a more detailed approach and deep changes in this respect.”  explained Alexandros Ignatiadis.