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HIpark, a new office project of 21.000 sqm of 39 million Euro launches in Iasi

Ropharma announces the launch of a new mixed use project of offices and residential, with a full range of services and retail space, the estimated investment being amount to approximate-ly 39 million Euro.

2017-09-06 20:48:00

Lori Colin, the project coordinator together with B23T and Brown & Marinescu Consulting, have created for IASI a project based on the needs of the large office spaces (2670 square meters per floor), updated according to the current and future needs of the tenants, with a residential building with large studios or 2 – 3 rooms (smart home type) that combine space "Living" and "Working" with multiple features such as kindergarten, bicycle track, car park for electric ones, cafes and multiple green areas.

The HIpark is a project designed to be truly institutional quality mixed use project, residential, retail-services and office buildings, a development to be recognized as a first mixed-use asset in Iasi, one of the landmark prime assets in Romania. There are two independent structures: the Office Building (GF+ 1 level + 7 floors above ground, GLA 21.200 sq.m) and the Residential Build-ing (GF + 9 floors above ground, 9.500 sq.m).

"We presented to Ropharma a personalized project, after the meetings we had in Iasi with multinational companies, that emphasize the importance of time spent at the office of the em-ployee, and the needs of his personal life. We wanted to respect the rules but it comes with a cutting edge in terms of design and technology", said Lori Collin.

The HIpark is located in IASI' s most dynamic business corridor, near Bucsinescu intersection, next to Sfântu Lazar Street and Tudor Vladimirescu Boulevard, the preferred location for multi-national occupiers and international investors between two main commercial areas, next to the University campus and in a highly dense residential area.

"We build because we want to be a model in Isi to show that people can live and work in a friendly, sustainable and modern environment" , Lori Collinsaid. "We want to launch this pro-ject in the spring of the 2018, together with all the endorsements and we are looking mean-while for a co-sponsor, preferably with the role and with knowledge of a real estate developer, to make the joint perfect of Ropharma's strong financial position and the know-how came from a partner as a developer."

In the last three years, the city of Iasi has become a pool of domestic and foreign investments in Outsourcing and IT&C Services, focusing on new working conditions, real estate develop-ments at international standards in office buildings, shopping malls even in the residential segment. With a current office stock of 235,000 sqm (according to PINMaps), Iasi ranks third after Timisoara and Cluj in terms of real estate development, but only second after Cluj in the top of the more successful cities and the fastest growing IT&C. The HIpark concept is the first project in Iasi with multiple mixed functions – called mixed use, which has a contemporary approach. We combine efficiency from the office area (over 2.670 square meters per floor), with a modern, smart and green lifestyle.

From the beginning, HIpark was designed for the needs of the city. Both the employee and the tenant, which can also be the same person, will have a pleasant, balanced and modern way of living. Because the needs of the tenant from IASI are not the ones from the past (they want spaces of over 2.000 square meters, with low and controlled consumption, natural light in multi-functional spaces) the architects have been conceived a floor plan with various options, for all types of tenants. The modern office buildings are becoming the new software and outsourcing factories - engine for economic development of IASI for the regional community of the metro-politan area of Iasi.

Ropharma is a pharmaceutical company listed Bucharest Stock Exchange (BVB). The current capitalization of the company is 188 million lei and the consolidated value of the fixed assets is 148 million lei. Consolidated equity as of 30th of June 2017 amounted to 158 million lei. Ropharma has two pharmaceutical production facilities (GMP standards) and food supplements and one production facility of powdered milk. It also holds an important part at a private hospi-tal in Brasov, designated by the World Health Organisation in 2013 as the cleanest hospital in Europe.

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