UpGround
General information
StatusCompleted
LocationBucharest, Romania
Construction started2007
Opening2010
Cost€260 million
OwnerDeutsche Bank
Height
Roof55 m (180 ft)
Technical details
Floor count16
Floor area226,000 square metres (2,430,000 sq ft)
Lifts/elevators16

UpGround is a condominium located in Bucharest at the intersection of Barbu Văcărescu and Fabrica de Glucoză streets and Şoseaua Petricani. The project consists of four buildings, two residential and two office with a total floor area of 226,000 square metres (2,430,000 sq ft). The two residential buildings have 16 floors each and include a number of 600 apartments and have a floor area of 126,000 m2 (1,360,000 sq ft).[1] The project also includes the seven floor class A office building BOC Tower. The tower has a gross leasable area (GLA) of 57,000 m2 (610,000 sq ft) making it the largest office building in Romania.[2] The most important tenants are Banca Românească which occupies 15,000 m2 (160,000 sq ft) and GfK with 2,730 m2 (29,400 sq ft).[3]

In May 2008 the project was bought by RREEF Real Estate, the real estate branch of Deutsche Bank for €340 million making it the largest real estate transaction in Romania.[4]

  1. ↑ "Descriere Generala a Condominiumului si Detalii Tehnice" (PDF) (in Romanian). upground.ro. 2010. Retrieved 2011-02-13.
  2. ↑ "Cea mai scumpa cladire de birouri vanduta in Romania". Ziarul Financiar (in Romanian). 28 October 2009. Retrieved 2011-02-13.
  3. ↑ "Complexul mixt Upground va genera un profit de 190 mil. euro" (in Romanian). 9am.ro. 7 December 2007. Retrieved 2011-02-13.
  4. ↑ "Cele mai mari 10 tranzactii din ultimul deceniu". Wall Street Journal (in Romanian). 16 December 2010. Retrieved 2011-02-13.

44°28′47″N 26°06′53″E / 44.479728°N 26.114781°E / 44.479728; 26.114781

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