Portland Trust To Construct New Office Building For Oracle Expansion In Bucharest

06.04.2015 By Gabriela Stan

Real estate developer Portland Trust will construct a new office building in Bucharest, Oregon Park, where Oracle, one of the biggest players on Romania’s IT market, is likely to rent around 20,000 square meters, according to market sources.

The building will be located in Barbu Vacarescu zone, and will be completed in one year. This is one of the largest real estate transactions this year and shows a significant revival of the office market.

Thus, Oracle plans to extend its Bucharest-based team by another 2,000 people.

Port­land Trust is one of the main real estate developers on the Romanian market. Its first building developed was Opera Center.