OCTAGON has performed two thirds of the contracted works for the rehabilitation of Brasov- Simeria railway, Coslariu- Sighisoara section

Brasov- Simeria Railway

OCTAGON CONTRACTING & ENGINEERING has performed two thirds of the contracted works for the rehabilitation of Brasov- Simeria railway, Coslariu- Sighisoara section, two years from the beginning of the project. The delivery term is November 2014. The beneficiary of the project is the National Railroads Company (CFR) and the general contractor for Coslariu- Sighisoara section is the Portuguese company FCC Construccion.

Brasov – Simeria railroad is a component of the Fourth Pan – European Corridor. The objective of the project is to rehabilitate and

Sheet pile installation

modernize 89.5 km of double electric powered railway line between Sighişoara and Coşlariu, including all the connecting structures and auxiliary works, to ensure a maximum speed of 160 km/h for passenger trains.

The following works will be performed within the project: rehabilitation of 63.46 km of double electric powered railway line; building 26.04 km of double electric power railway line; rehabilitation of 10 railway stations.

Sheet pile execution and retention systems

The rehabilitation of the railway road will be performed with European financing, acquired within the Priority Axis nr. 1 „Modernizing and Development of Priority Axis TEN-T, with the Purpose to Develop a Sustainable Transport System and its Integration in the EU Transport Networks.", Major Intervention Domain 1.2 „Modernizing and Development of Railroad Infrastructure over the Priority Axis TEN-T 22".

Bored piles execution and retention systems

OCTAGON is performing the following works for the construction of section II- Coslariu- Sighisoara: drilling of bored piles D 1.000, anchorages, stone columns, sheet pile installation and gunite for tunnels and bridge.

OCTAGON also has four other ongoing infrastructure projects. OCTAGON is geotechnical construction contractor at one of the most important infrastructure projects in Bucharest: ”The underground road passage from Piata Presei”, where the

Sheet pile extraction

company is building diaphragm walls.  The passage will have a total length of 550 meters and two exits. One of the exits will lead to Kiseleff Road and the second one will lead to Marasti Blvd.,  allow crossing the area on any direction and subsequently connect public ground transport, the railway line and the bus lines, with the station of the future metro line 6. The purpose of the passage is to streamline the traffic in one of the most crowded areas of the capital. 

Consolidation works

Another important project under construction, within which OCTAGON is working, is Lugoj- Deva Highway. The company is building bored piles for sections A, D and E, sector 2. The highway will stretch over 100 km on delivery.  Sector 2 will be 28 km long.

OCTAGON is performing foundation works: bored piles and sheet piles at the project “Passage over the rail road km 5 + 343” in Craiova.

Sheet pile retention systems

The fourth project started this year by OCTAGON is  “Functional rehabilitation of Revolutiei Square from Slobozia”. The company is part of ACM4- Romprest- TIAB- OCTAGON Consortium and is performing geotechnical works: metal sheet piles and drilling for dewatering systems, within a parking lot project.

“Even if infrastructure has not been a priority for public investments this year and the market is not going through a dynamic period, we have four new ongoing projects and we are continuing works at the rehabilitation of Brasov- Simeria railroad, a project started in 2012.  But the perspectives for infrastructure development are positive. After four years of slowdown, the infrastructure will inevitably become the engine of the construction market development.” said Mr. Alexandros Ignatiadis, co-founder and shareholder of OCTAGON CONTRACTING & ENGINEERING.

 

For more information click HERE. 

OCTAGON CONTRACTING & ENGINEERING

Phone: (+4)021.232.39.20

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OCTAGON HAS ONGOING INFRASTRUCTURE PROJECTS WORTH AROUND 3 MIL. EURO IN 2014

Press      release                                                                                                                                                                                                                                                                                                                     

                                                                                                                                                     September 10^th 2014

Bucharest, September 10^th 2014:  OCTAGON CONTRACTING & ENGINEERING, one of the major players on the geotechnical and civil construction markets in Romania, has won road infrastructure projects worth around 3 million euro in 2014. 

      Four road infrastructure contracts

      Geotechnical works

      Locations: Craiova, Slobozia, Lugoj- Deva

“Even if infrastructure has not been a priority for public investments this year and the market is not going through a dynamic period, we have four new ongoing projects and we are continuing works at the rehabilitation of Brasov- Simeria railroad, a project started in 2012.  But the perspectives for infrastructure development are positive. After four years of slowdown, the infrastructure will inevitably become the engine of the construction market development.” said Mr. Alexandros Ignatiadis, co-founder and shareholder of OCTAGON CONTRACTING & ENGINEERING.

OCTAGON is geotechnical construction contractor at one of the most important infrastructure projects in Bucharest: ”The underground road passage from Piata Presei”, where the company is building diaphragm walls.  The passage will have a total length of 550 meters and two exits. One of the exits will lead to Kiseleff Road and the second one will lead to Marasti Blvd.,  allow crossing the area on any direction and subsequently connect public ground transport, the railway line and the bus lines, with the station of the future metro line 6. The purpose of the passage is to streamline the traffic in one of the most crowded areas of the capital.  

Another important project under construction, within which OCTAGON is working, is Lugoj- Deva Highway. The company is building bored piles for sections A, D and E, sector 2. The highway will stretch over 100 km on delivery.  Sector 2 will be 28 km long.

OCTAGON is performing foundation works: bored piles and sheet piles at the project “Passage over the rail road km 5 + 343” in Craiova.

The fourth project started this year by OCTAGON is  “Functional rehabilitation of Revolutiei Square from Slobozia”. The company is part of ACM4- Romprest- TIAB- OCTAGON Consortium and is performing geotechnical works: metal sheet piles and drilling for dewatering systems, within a parking lot project.

OCTAGON CONTRACTING & ENGINEERING (www.octagon.com.ro ) is a Romanian company set up

in 2005, headquartered in Bucharest. The company also has a branch in Baghdad (Iraq).  With a 19.6 million euro in 2013, large scale projects in Romania, Iraq, Greece, Turkey and Bulgaria, OCTAGON is one of the main players in the civil and geotechnical construction sectors, in Romania. The company has become active in the infrastructure sector in the past five years, when it started contracting important projects.

 

Among the reference works performed by OCTAGON in Romania there are: the office complex Green Court Bucharest (Gara Herastrau Street- Bucharest), the tallest office building in Bucharest Sky Tower (Barbu Vacarescu Blvd.), the office building Olympia Tower (Decebal Blvd.- Bucharest) and the Combined Cycle Power Plant 867 MW OMV- Petrom (Brazi- Prahova county).

Contact

OCTAGON CONTRACTING & ENGINEERING

Corina Ilie

Public relations specialist

Tel: (+40) 769 249 286

E-mail: c.ilie@octagon.com.ro

CBRE: Western European Office Market Takes-Off With Highest Demand Since Financial Crisis

•  London recorder highest demand increase: 29%
•  Paris was the city with the highest volume of rented office spaces in the past two years
•   In Milan the volume of rented spaces doubled

The demand for office space across Western Europe has hit its highest level since the financial crisis, according to the latest research from CBRE, the global real estate advisor.

City Tower Sofia - executant OCTAGON

Corporate real estate occupiers are returning to the market with new office space requirements as demand in the second quarter (Q2) of 2014 rallied by 21% on the first quarter, marking the highest Q2 office take-up in Western Europe since the economic downturn. Central to this was strong activity in Milan and Lisbon, while London retained its dominant position as a popular destination for corporate occupiers with a 29% quarterly take-up increase. Milan’s take-up more than doubled in Q2 to 94,000 sq m while Lisbon recorded one of its strongest quarters in recent years. In addition, the Paris office market which had been subdued during the downturn with occupiers lacking the confidence to relocate, posted its highest office take-up level for two years in Q2, representing a 28% uplift from Q1. Across Europe as a whole, aggregate take-up rose by a healthy 12.2% compared to the first quarter of the year.

City Tower Sofia - executant OCTAGON

As a result of this increased demand, the aggregate office vacancy rate in Western Europe fell in Q2. Central London saw a third consecutive quarterly decline in vacancy rates with prime space now in very short supply. Likewise, increased demand for office space in Brussels, Paris and Amsterdam also contributed to vacancy declines. Frankfurt saw the most noticeable drop, where vacancy fell sharply for the second consecutive quarter due to the removal of obsolete stock and the conversion of older commercial buildings into residential units. Despite this, the overall vacancy rate remained flat across Europe for Q2 skewed by a large volume of new office completions in core Central and Eastern European (CEE) markets which are yet to be occupied. For example, office stock is forecast to grow by at least 10% in Prague, Warsaw, Moscow and St Petersburg over the next 18 months, a large percentage of which is being built on a speculative basis.

City Tower Sofia - executant OCTAGON

The knock-on-effect of office vacancy declines, particularly in Western Europe, is likely to put upward pressure on prime rents in the longer term. Madrid, for example, has seen its prime rent increase from €24.50/sq m per month to €24.75/sq m per month in Q2, its first rental growth since the recession, symbolic of improved economic stability. The strongest performing office markets continue to see the steepest rises in prime rents, Dublin saw rents rise by a huge 14.2% in Q2 to €430.50/sq m per annum driven, in part, by strong demand from Technology, Media and Telecoms occupiers. London’s West End market recorded a 2.4% increase in rental growth across the same period.

City Tower Sofia - executant OCTAGON

Tim Hamilton, Senior Director, EMEA Global Corporate Services, at CBRE explains: “We are seeing greater corporate appetite to lease or acquire space, particularly across Western Europe, which is encouraging. It signifies that corporate occupiers who have been hamstrung in recent years by tightening budgets and stringent cost management strategies resulting in a contraction of take-up levels, are now in a position to flex their muscles and take new space. As the markets become more buoyant, the growth in prime office rents is likely to become more widespread over the next 12 months particularly given the short supply and a relatively thin office development pipeline. Having spent a number of years taking advantage of falling rents, occupiers will need to start factoring in potential future rental increases into their strategic decision making.”

OCTAGON CONTRACTING & ENGINEERING

For more information click HERE. 

Phone: (+4)021.232.39.20

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