Portland Trust to develop major data center in western Bucharest
<p>Portland Trust, one of the largest developers of office buildings in Romania, received the building permit for its first data center, which will be built on a plot of land in the western part of Bucharest (Preciziei), according to <a href="https://www.profit.ro/povesti-cu-profit/real-estate-constructii/foto-dezvoltator-sustinut-de-unul-dintre-cele-mai-mari-fonduri-de-pe-wall-street-are-unda-verde-sa-ridice-in-romania-primul-sau-centru-de-date-un-proiect-urias-in-militari-21660058" rel="noopener" target="_blank">Profit.ro</a>.&nbsp;</p>

<p>The building, placed on a plot of land with an area of ​​about 4 hectares bought from a vehicle of the investment fund Broadhurst, will have a much larger size than that initially prepared by the developer in the Vitan neighborhood, described as "the most important physical location dedicated to such services" in Romania.</p>

<p>The downturn in the office market, also witnessed by the fact that no major projects have been announced for 2024, has led developer Portland Trust to diversify its businesses.</p>

<p>After the first investments and transactions in the renewable energy market, the company of the British businessman Robert Neale decided to enter the data center sector in Romania, a niche of about EUR 50 million with great potential.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com/" rel="noopener" target="_blank">Ronstik/Dreamstime.com</a>)</em></p>