Art Business Center Buzesti

Descriere

PROPERTY KEY POINTS The Property benefits from several competitive advantages, including:

• Excellent central business district location (the area is traditionally considered
• the prime zone of Bucharest, turning into Bucharest’s Central Business District).
• Excellent commercial visibility.
• Excellent access by car and public transportation (subway, bus, tram).
• Good tenancy – local and international companies.
• The new aerial passage Basarab allows a better accessibility into the area.

LOCATION
The Property is located in central northern area of Bucharest, in the proximity of Victoriei Square (circa 350 m from the Victoriei Sq).

The Property is situated on a prominent corner position between Sevastopol and Buzesti St. It enjoys a great exposure, and features as the second highest building on Buzesti St which provides the building with a good visibility. The area has been increasingly established as a business location and today it is considered the CBD of Bucharest.

Victoriei Sq is an established office location comprises several purpose built high rise office building completed in the last 5 years as well as the home of the Romanian Government and a number of museums, high street retail units and high rise residential buildings. The area has become in the last years a desirable office location due to its proximity to public transportation, easy access to the northern exit towards Ploiesti and international airports and proximity to attractive residential areas as Domenil, Dorobanti and Primaverii.

Among the newly built office buildings in the area are America House, Premium Point, Cascade Office Building, Societe-Generale-BRD HQ, Europa House, Piraeus Bank & OTP Bank HQ’s.

Buzesti St is a two way boulevard with a tram line running from north to south and continuing with Berzei St towards the banks of Dambovita river.

COMMUNICATIONS
Being one of the main hubs of the city, Victoriei Sq is connected through public transportation to all the rest of the city. All kind of public transportation means – tram, bus and subway – are reachable within a few minutes walking distance from the building. There are several public transportation stations in the immediate vicinity, including a subway station in Victoriei Sq.

In terms of access by car, the area has excellent road connections, being at the junction of 4 major axis of Bucharest, namely Aviatorilor – Buzesti on the NE-SW direction, Iancu de Hunedoara – N Titulescu on the E-W direction, Ion Mihalache – Lascar Catargiu on the NW-SE direction and Kiseleff – Victoriei on the N-S direction.

The access from the international airport and from the main railway station is within 20 minutes driving range.

ASSET DESCRIPTION General Description

Located in Buzesti St, at the junction between Buzesti St and Sevastopool St, occupying a preeminent corner location and being neighboured by important new office developments, this medium size office building provides a good standard of office accommodation.

The Property consist of a modern purpose built office building erected between 2003-2006 on 4 basement levels, ground and 13 upper floors with a total gross area of approximately 10.500 sqm. The total rentable area of the Property is around 6.700 sqm (excluding terraces) and the total parking capacity of the building is 60 parking spaces located in the basement levels of the building.

The building has an almost triangular shape and comprises two different sections:

• Basement levels, ground plus 4 upper floors and the fifth floor recessed.
• 8 upper floors, from the 6th floor to 13th floor.

The basement levels comprise around 60 parking spaces, storage and technical areas, the ground floor provides reception area plus 2 separated retail areas, whilst the upper levels are used as offices.

Site
The site on which the building is erected is triangular in shape and has a total area of 760 sqm (approx.). The site has extensive frontages onto Buzesti and Sevastopool St.

Building Design
The Property comprises an office building of 13 storeys above ground, completed in 2006. The building layout is of an irregular floor plate, rounded towards the south eastern side elevation offering a larger floor usable area in this section. The building section facing Sevastopool St has a five upper floors and a sixth withdraw floor while the section fronting Buzesti St rises to 13 upper floors plus a technical level.

The architectural style is modern and the layout of the building is open space although the interior layout provides occupiers with superior flexibility to adequate the spaces as open-plan or modular offices layout (by partitioning the space), depending on specific tenant needs.

The exterior finishes are rough cast plaster over the elevation towards Sevastopool St and glass curtains and stone plates on the main façade facing Buzesti Blvd.

The office building is provided with an underground parking comprising 60 spaces situated in 4 levels. The car entrance is located on Sevastopool St and the access to the parking area is made through an access ramp and is controlled by automatic barriers. In addition to this, the basement levels also comprise small tenant storage rooms.

The ground floor of the building accommodates the main reception and some retail spaces. The upper floors include a total office leasable area of around 6.100 sqm.

The office building has Class A finishes and facilities. The internal layout comprises a circulation core composed by 2 elevators and a staircase.

The rentable areas of the thirteen upper floors (from 1st floor to 13th floor) vary between 311 sqm and 787 sqm approximately.

Technical Description
The building is composed by ground floor plus thirteen-floors high and includes 4 underground levels built according to international standards.

Structural Frame:
The foundation consists of cast-in-place reinforced concrete foundation mat with individual reinforced concrete column footings. The building has a heavy load- bearing reinforced concrete core structure.

The structural elements of the office building consist of a reinforced concrete skeleton frame with brick infill and load-bearing masonry walls.

Exterior walls are constructed of concrete walls in the basement and masonry walls in the floors above. Interior walls consist of brick with painted stucco and plaster finish. There are also areas of aluminium and glass front windows towards the Buzesti St.

Finishes:
Typical interior finishes include ceramic tiles in bathrooms, marble in the entrance lobby, carpeted floor in office areas. There are suspended panel ceilings and gypsum board partitions with wall finish in offices, suspended gypsum board ceilings and painted concrete walls in storage areas.

Toilets are equipped with suspended gypsum board ceilings and ceramic tiles on walls. Technical rooms are equipped with painted concrete ceilings and painted concrete or masonry walls.

Exterior walls of the building are primarily finished with an exterior finishing and insulation system and finished with painted stucco. There are also areas of aluminium and glass front windows towards the Buzesti St.

The staircase is constructed of reinforced concrete and has natural stone tiles
(granite) pavers on treads, risers and landings.

Installations:
The office building is provided with good quality equipment, fittings and fixtures. The building is equipped with electric installations, HVAC, fire sprinkler system, monitoring CCTV for security purposes among other equipment and installations.

Maintenance:
The building is in very good condition.

Services & Utilities:
The Property benefits of modern specifications typical for this class of asset. These specifications include: HVAC system, high speed elevators, operable windows, IT cable network, fire prevention system as well as 24 hour security service.

All necessary utilities are available at the building (electricity, gas, water, sewerage). Heating is ensured by own central heating plant and cooling is also ensured by a central cooling plant composed by one chiller.

The main entrance has an access ramp for handicapped people.

Key Technical Specifications
Elevators:
There are 2 elevators in the building. One is servicing the 4 underground levels (parking areas) and the above ground levels (until 12th floor); the other elevator is servicing from level -4 in the underground parking area to the top floor (13th floor). The characteristics of the elevators located in the Property are:

Capacity 1000 kg / 12 people each elevator
Supplier: Schindler
Speed: 1,6 m/s

Electricity Power Supply:
Electrical service is provided by Electrica S.A. There are 2 transformers located in the basement of the building, one of them is owned by Electrica S.A. and the second one belongs to the building.. The power of the transformer is 1000 KVA.

Heating and Cooling Systems:
Heating system – the central heating plant consists of 2 gas-fired hot water boilers located in the basement, each with a capacity of 522 KW. The heating system is electronically controlled with exterior and interior heat sensors which automatically program the cascade function of the boilers. The heating distribution is done through

a ventilo-converters system. The radiators in the staircase and bathrooms are equipped with thermostats.

Cooling system – the central cooling system plant consists of one chiller, with a capacity of 445,5 KW freezing power and two compressors with a regulation of 4 levels. The exterior chiller unit are mounted on the roof of the building. The office areas are equipped with fan-coil units to supply cooled air to under-window radiators for cooling.

Fire Safety System:
The Property is equipped with a fire sprinkler system in the basement and partly in the offices. The sprinkler tank has a capacity of 2 x 3.000 litres which is located in the basement.

In addition to the fire sprinkler system, also the Property is provided with smoke detectors, thermal detectors, fire extinguishers, sirens in each floor and manual alarm buttons.

Security System:
The building enjoys 24 hour surveillance by on site security personnel. The security system in the building also includes a CCTV system installed in the building composed by 16 cameras.

Data and Telecommunications systems:
High-speed data and voice communication.
Cables network: mixture of class 5A and 6A. The cable to the main connection panel is optical fibre.

TENANCY
The Property offers a good standard of office accommodation. Occupiers benefit from quality specifications, flexible floor space and a very good location for their offices.

Other advantages offered to the tenants of the building are excellent exposure and visibility at a very reasonable price.

The tenants pay an amount as Service Charge based on a open book triple net lease agreement which includes all expenses in connection with building management, reception, security, operation and maintenance of the building, cleaning, water supply of the common areas, sewage, heating and cooling of the common areas, taxes, garbage storing and disposal among other costs.