UpGround

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 226000 m2. The two residential buildings have 16 floors each and include a number of 600 apartments and have a floor area of 126000 m2. The project also includes the seven floor class A office building BOC Tower. The tower has a gross leasable area (GLA) of 57000 m2 making it the largest office building in Romania. The most important tenants are Banca Românească which occupies 15000 m2 and GfK with 2730 m2.

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.