This is the former Twin Tower Barba Center project that was acquired in 2017 by the Turkish businessman, and subsequently was rebranded and will be fully refurbished with a total refurbishment budget of 14 million euros. The project comprises two buildings with a combined surface of 40,000 sq m gross leasable class A office spaces. The renovation works are taking place in two phases with an estimated date of completion for the first building at the end of this year while the second office tower, at the second half of 2020. Hyperion Towers is situated on Pipera Boulevard, one of the fastest developing areas of Bucharest, which has recently been rehabilitated and widened. According to TC Capital’s representatives, this office complex will bring important commercial innovations on the local real estate market, which will be announced until the end of 2019. 

The project has a strategic location, being only five minutes away from the Aurel Vlaicu and Pipera metro stations and ten minutes to Charles de Gaulle square. The complex provides easy access to the airport, the city centre and major commercial and social hubs, such as Promenada Mall. The buildings benefit from good visibility and exposure, having also access to public transportation with bus lines, 135 and 112, and a free shuttle service for its future tenants to Aurel Vlaicu subway station.

“We acquired this project because we believe there is a great business opportunity in this area, which is located on Pipera Boulevard, in the northern part of Bucharest, and very close to Floreasca business hub. The connectivity with the rest of the city is way better than is perceived by many people. Due to the bridges and road enlargements, this part of Pipera is easier to reach than other popular office hubs like Dimitrie Pompeiu Boulevard or Fabrica de Glucoză Street. The real estate market’s office sector needs new, renewed yet flexible sized and affordable class A projects, in order to cover a greater demand, especially for medium sized companies which have limited options in apartment buildings, villas or B Class office spaces”, stated Ali Capa, CEO of TC Capital. 

The 12-floor steel structure buildings were designed to be flexible and easy to partition with a 1,650 sq m floor plate around a central core that can be divided in office spaces ranging between 200 and 1,650 sq m, suitable for any size of business. Every floor features two terraces at the sides of the buildings, offering communal spaces with extraordinary views over the city. The façade was remodelled and renovated, and the reception was also repositioned and extended in order to meet its visitors with a striking design that sets the scene for the upper 

floors. Also, the ground floor of Hyperion Towers will offer amenities such us cafeteria, shops, and restaurants. Among other important specifications that were added or refurbished there are: high quality VRV systems for heating, cooling and fresh air, generators that cover 100% of the energy need, six passenger and two service elevators per building, operable façade windows which is a rare feature on a modern office building, renovated office floors. The complex has over 400 underground parking spaces. 

TC Capital was founded in 2014 and is a private investment fund led by Mr. Ali Capa. The company has a highly experienced internal management team which combine asset management, investment, development and leasing experience and know-how. TC Capital also benefits from the support and know-how of external consultants, such as CEE ESTATE Management. The project’s team members were active in the Romanian real estate and agriculture market for more than 19 years, delivering a number of successful projects that cover the entire real estate and agriculture spectrums. TC Capital’s management team took part in some of the landmark real estate development projects in Romania. Ali Capa was also a shareholder and top executive of Anchor Grup for over 10 years and has invested in the last 5 years through TC Capital in Cosmopolis Residential Complex and KC Argo, an agriculture investment company. (source: TC Capital)