Business Construct: Who has 1 bln. Euro for offices and shopping centers. OCTAGON , has built one of the projects

The number of developers active on the commercial market- offices, shopping centers and logistic spaces- is declining while new projects are being delivered and financial difficulties are delaying the return of other investors on the market. Yet, several groups who, most of the times have alternative financing sources, have ongoing projects worth almost one billion euro, quite an important slice of the construction market,   “Business Construct” writes.

Who is building?

NEPI: 386 mil. euro was, at the beginning of this year, the development budget of the South- African developer,  91 million euro of which have already been invested by the end of 2013, according to the company’s financial report. NEPI is, at present, one of the most active developers on the real estate market, considering the three shopping centers that it is developing in Pantelimon (Mega Mall) and Rahova (Vulcan Value Center) neighborhoods in Bucharest and  in Targu- Jiu, as well as the office building “The Office” in Cluj.

Sonae Sierra and Caelum Development: 180 mil. euro is the investment budget of the project ParkLake Plaza located in the Bucharest neighborhood  Titan, the shopping center the two investors started to develop this January, after repeatedly postponing the project for a few years. The project will have a total leasable area of 70,000 sqm.

Immochan- Auchan: 120 mil.euro  totals the investment in the shopping centers Coresi Brasov and Auchan Drumul Taberei, the delivery of which has been scheduled for the first trimester of next year.

Skanska:  80 mil. euro cost the first two stages of  the project Green Court from Barbu Vacarescu Blvd. OCTAGON  CONTRACTING & ENGINEERING executed concrete infrastructure and superstructure works for  building A (3B+ GF+ 11F).  The works consisted in excavation, diaphragm walls D 600, anchors and infrastructure works for building B.

Green Court Bucharest- Gara Herastrau Street, Bucharest

Globalworth: 60 mil. euro is the investment announced for the construction of  Bucharest  One tower, from the north of the Capital. The 23 storey tower will be raised near Aurel Vlaicu metro station.

AFI Europe: 50 mil. euro is the investment estimated for the construction of AFI Park 2 and  AFI Park 3 office buildings, near AFI Palace Cotroceni mall in Bucharest.

www.octagon.com.ro 

Slurry walls used in combination with diaphragm walls, to support excavations

Slurry walls are generally used to seal dams, landfills or industrial installations, but in combination with diaphragm walls they can also support the excavations for the construction of building foundations. Slurry walls provide a non- structural barrier against water access, also called cut- off wall and they are executed from a mixture of bentonite and cement.

OCTAGON CONTRACTING & ENGINEERING has built slurry walls within a residential complex, located in Bucharest, on Gheorghe Titeica Street.

Residential Complex- 206- 208 Titeica Street, Bucharest

The excavation within this residential complex with two underground levels, was supported by a combination of diaphragm walls and slurry walls. On one side of the excavation the wall was adjacent to a previously built retaining system made of secant piles. On that side, the diaphragm wall was replaced with a self- hardening slurry wall, made of cemento- bentonite.

Olympia Tower, one of the office buildings with the most modern design in Bucharest, is another projects for the construction of which slurry walls have been used.  

Olympia Tower- Bucharest

OCTAGON executed foundation works and built the concrete structure. The geotechnical construction works consisted in the execution of diaphragm walls D 600 mm, bored piles D 880 mm, top beam 60X150 cm, general excavation of 14.200 cubic meters, foundation raft 900 sqm and metal structure to support the diaphragm walls.