Construction works at Brasov city belt to be resumed. OCTAGON has built bored piles for section I

Brasov City Belt

Construction works at Brasov city belt, a project that started in 2003 and which was temporarily stopped, will be resumed soon.  Brasov city belt is also one of the road infrastructure projects of OCTAGON CONTRACTING & ENGINEERING. In 2011 the company was geotechnical works subcontractor and built bored piles for section I.

Brasov City Belt- Bored pile cage launching

The National Highways and Roads Company (CNADNR) announced in a press release that the bid procedure for section I, streching between DN1 and DN11 and for section II, which connects DN 11 with DN 13, ended. Brasov city belt will have four sections, a total length of 24.3 km and two lanes on each traffic way. The road, built especially for the transport of merchandise and transit is open to traffic on two of the four sections.  

Brasov City Belt- Bored pile cage ram in

So far only 56% of the works necessary for the completion of section one has been delivered. The section has a length of  7.2 km and starts from Dârstea area (from the current bypass, on which a bridge over Timisul Sec stream will be built), bypasses the landfill,  crosses the road to Tărlungeni, bypasses CET, crosses Timiş-Triaj area, and then reaches DN 11 (towards Sfântu Gheorghe) in the roundabout from Stabilus area. 

Brasov City Belt- Bored pile cages

Besides the two lane traffic road, the project also includes the construction of a passage, crossing DN 11 and the railway that leads to Târgu Secuiesc.

OCTAGON   performed the following works for section I of the city belt: bored piles D 1,080, cage ram in, bored pile concreting and bored pile injection.

Brasov City Belt- Bored pile concreting

Doubling section II which connects DN 11, the exit from Braşov to Hărman, to DN 13, the exit from Braşov to Târgu-Mureş is absolutely necessary in order to allow highway regime traffic. At the same time, an important issue faced by drivers crossing the city belt will be solved, the construction of a road passage over the city belt, at the intersection with the county road to, where many accidents have occurred.

Brasov City Belt- Bored pile drilling

Construction works at Brasov Bypass started in 2003 and so far only section III has been delivered. The section covers 6.3 km and connects National Road 13 with National Road 1, at the exit from the city to Sibiu.

Brasov City Belt- Bored piles concreting

The construction of Brasov Bypass is only one of the road infrastructure projects performed by OCTAGON. 

Road infrastructure became an important segment for the company starting from 2010. OCTAGON  also performed geotechnical works within other major infrastructure projects:  Orastie- Sibiu Highway- sections 2, 3 and 4, Bucharest- Ploiesti Highway,  Bucharest Highway DN 7- DN 1A, Chitila- Mogosoaia, Pedestrian crossing over Mures River and Rehabilitation of DN 6 Domasnea- Caransebes, km 408+ 895- 449+ 960.

Construction works performed by OCTAGON within these projects include:  execution of bored piles, injections and sheet piles.

Brasov City Belt- Cage launching

OCTAGON is performing at present geotechnical works at the “Underground tunnel Piata Presei Libere” (Bucharest). 

At the same time, the company is continuing bracing works with columns and sheet piles at the project “Rehabilitation of Brasov- Simeria railway, Coslariu- Sighisoara section”, where the general contractor is FCC Construccion.

OCTAGON CONTRACTING & ENGINEERING

For more information click HERE. 

Phone: (+4)021.232.39.20

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DTZ: Modern office space in Bucharest reaches 2 mil sqm. OCTAGON to deliver two more buildings in 2014

Modern office space stock in Bucharest reached 2.114 million sqm, at the end of June, around 3% of this area accounting for new office space deliveries. In 2014, 132,000 sqm of office spaces will be delivered, approximately 60% of this area being pre-leased. In the first half of the year five office buildings were delivered, with a total area of 68,500 sqm, most of them being located in the west of the capital.

Hermes Business Campus

OCTAGON CONTRACTING & ENGINEERING has been one of the main office space constructors in the past two years. The company has started the year by delivering building B of the office complex Hermes Business Campus (5- 7 Dimitrie Pompeiu Blvd.), were OCTAGON was general contractor. By the end of 2014 OCTAGON will complete another two office projects: PC Business Center (7- 9 Bucharest- Ploiesti Road), where the company performed infrastructure works and is currently performing superstructure works consisting in concrete superstructure works (encasing, reinforcement, concreting) and metal structure works at building B of the complex Green Court Bucharest (2- 4 Garii Herastrau St).

Office building vacancy rate in Bucharest has slightly declined this year to 15.7%, 330,000 sqm being vacant, although a record rental volume was registered in the first six months. Most of the rental volume was generated especially by relocations, according to real estate consultants DTZ Echinox. Vacancy rate dropped by one percent quarter on quarter, reaching 15.7% at the end of H 1 2014. This is a 0.8 per cent

PC Business Center

decline on the same period of last year, when the vacancy rate was 16.5%.

Right now there are 333,000 sqm of free office spaces in Bucharest, over 30% of them being located in Pipera. Yet, the highest occupancy rate decline quarter on quarter was registered in Pipera, against the other areas in Bucharest - 4%, at the end of the first semester. The vacancy rate in Pipera is now 21%. In Pipera Sud area (Dimitrie Pompeiu St.) the vacancy rate is 8.5%, while in CBD (the central business area) and in west, the vacancy rates stands at 8%, reads a DTZ Echinox press release.

The center- north area has a vacancy rate of 16%, while Barbu Văcărescu – Floreasca area, with a 254,000 sqm stock, reached a vacancy rate of 14% at the end of the first semester.

Green Court Bucharest

The total volume of rented office spaces reached 108,000 sqm in the first half of the year, 25% higher than the volume reported for the same period of 2013. This is the highest rental volume registered within a semester, since 2008, without taking into account the investment made in 2010 by Petrom in its own office building.

Relocation transactions keep dominating the market, accounting for 72% of the total rental volume. New demand – expansions and new comers on the construction market – is 40% above the value registered in the same period of last year and accounts for 28% of the total rental volume.

Prime rents remained stable in the first six months of the year, with variations from 16-18 euro/sqm/month in the central business area, to 15-17 euro/sqm/month in center- north, declining to 12-15 euro/sqm/month in semi- central areas, and to 9 - 12 euro/sqm/month on the outskirts.

For more information click HERE. 

OCTAGON CONTRACTING & ENGINEERING

Phone: (+4)021.232.39.20

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Media: OCTAGON granted 2 million euro contract for construction works on PC Business Center

PC Business Center- Superstructure 1

Romanian media has reported a new success registered by OCTAGONCONTRACTING & ENGINEERING in the past year: the construction of the office project PC Business Center (7-9 Bucharest- Ploiesti Road). Below are some links published on this subject:

Ziarul Financiar: http://www.zf.ro/companii/octagon-a-luat-un-contract-de-2-mil-euro-pentru-lucrari-la-birourile-pc-business-center-13093743

PC Business Center- Superstructure 2

Bursa Constructiilor: http://www.constructiibursa.ro/s=piata_imobiliara&articol=24882.html

Agenda Constructiilor: http://www.agendaconstructiilor.ro/files/antreprenori-dezvoltatori/octagon-contract-de-doua-milioane-de-euro-pentru-executia-pc-business-center.html

Constructiv: http://www.constructiv.ro/content/octagon-primit-un-contract-de-2-milioane-de-euro-pentru-lucrari-la-birourile-pc-business-cen?page=1

PC Business Center- Superstructure 4

PC Business Center- Superstructure 3

PC Business Center- Superstructure 5