Sema New Project - Launch of the intermediate stage Office 3 and Office 4


On November 25, 2014 in Atrium House Sema Parc Group launched Sema New Project - intermediate stage Office 3 and Office 4.


Sema Group resumed mixed property development project on the former industrial site Semanatoarea in Bucharest. Assembly, called Sema New Project, will include offices, retail, apartments and a hotel. The total investment was estimated at 600-700 million. Work on the first phase, comprising two Class A office buildings will begin during December.


The investment in the first phase amounts to 10-12 million euros. Office spaces will result in the conversion of former industrial buildings.


The first office building, Office 3, will have an area of 14,000 square meters, disposed on ground floor and first floor. The second building, Office 4, will include 28,000 square meters on the ground floor + floor + first floor withdrawn.


Ensemble office, located on Splaiul Independentei will benefit from easy access to downtown and proximity Petrache Poenaru subway station.


The next step in the development of real estate project consists in launching residential component. This will include around 1,200 apartments. The design has already reached an advanced level.


Immediately after completing phase offices will start work at the retail area, conceived as a "shopping village", not as a commercial center "classic". Thus, this phase will include four buildings, which will have ground floor and first floor of approximately 100,000 square feet of retail space. Above them will be achieved office and homes.