The object of the concluded contract is the rental of a compartmentalized and fully furnished office space with an area of 3,780 square meters, necessary for office activity and 90 underground parking spaces, the financing being provided by non-refundable European funds.

The approximately 200 employees of the Ministry of Transport and Infrastructure, from the structures that manage European funds as a management authority and intermediate body, will carry out their activity in the space of three floors (floors 3, 4 and 5) of the London office building, starting with September, after the completion of work for setting out the space.

The London building is one of the newest class A office buildings in Sema Parc and in Bucharest, completed in the second quarter of 2022, with a total leasable area of 21,347 sqm, arranged on 15 levels and having two basements for the places of parking. The building is easily accessible from any part of the city, thanks to the direct connection to the city's infrastructure and to all means of public transport, including the subway, the "Petrache Poenaru" station being in the immediate vicinity.

"We participated in the auction for the allocation of space for the Ministry of Transport and Infrastructure, being convinced by the excellent quality of the London building in Sema Parc and its intrinsic benefits, as well as the facilities found here. We are pleased with the favorable result and, above all, with the fact that our first confirmed "anchor" tenant in the London building is a public institution. Accommodation of the Ministry of Transport and Infrastructure in our building, and also having the experience of the presence of the Bucharest Court (Civil Sections VI and VII), we are creating the premises of an institutional hub in Sema Parc." - declared Tina Virlan, Lease Manager River Development.

The London building has all the qualities to be a representative headquarters for a public institution: a modern and up-to-date architecture, all the benefits of a green, sustainable and energy-efficient building, Breeam "Excellent" certificate in the design phase, flexible in terms of organization efficient workspaces and excellently located in the central-western area of the capital. Here are the main characteristics that make the London office building a sustainable building:

- Stimulates the use of public transport, being excellently connected to the city, by being close to metro, bus and tram stations.

- The green areas - that do not require excessive water consumption, are outside and inside the building, improving the work environment.

- Cyclists are welcome: The building offers its occupants bike racks, changing rooms and showers.

- Electric plug-in for cars: 12 parking spaces in the underground of the building and another 5 outside, in Sema Parc, intended for powering electric vehicles.

- Fresh air intake: Mechanical ventilation is provided by a low-speed ventilation system that includes efficient air treatment units with heat recovery coils.

- Energy saving: The high-performance facade, efficient HVAC system, LED lights and elevators with energy recovery reduce the energy consumption of the building.

- Efficiency in water use: a significant amount of potable water is saved through efficient shower heads, reduced rates for showers, low-flow faucets and toilets.

- Efficiancy in lighting: Natural light is provided in over 85% of all regularly occupied areas.

- Individual regulation of the interior temperature: Offers individual controls of thermal comfort to increase the productivity, comfort and well-being of the occupants.

- Centralized management: The building is equipped with a building management system (BMS) that accurately measures energy, heating, cooling and water use, elevator use and access control.

The London building can also be viewed as a 3D digital replica (digital twin), in an easy-to-use virtual environment on any device connected to the Internet at: londonoslo.semaparc.ro

About River Development

River Development is a real estate investor and developer with Romanian capital, with over 18 years of activity on the local market, supported by a team of professionals with extensive experience in planning, developing and managing large-scale real estate projects. River Development is developing two of the capital's major urban reconversion projects: Sema Parc - located on Splaiul Independentei - approx. 1,000,000 sqm GBA and The Light - located on Iuliu Maniu Boulevard, approx. 150,000 sqm GBA. Both are located in the central-western area of the capital and are in different stages of development.

River Develoment has in its portfolio over 150,000 square meters (GLA) of office spaces and has delivered over 38,000 square meters of new class A buildings in the last four years, within the Sema Parc project, through the three class A buildings - Brussels, Paris and Berlin. To this portfolio were recently added approx. 31,500 sqm (GLA), through the reception of the London and Oslo buildings. All projects recently developed or under construction are certified according to the Breeam standards for green buildings, with the Excellent rating.