Showing posts with label bored piles. Show all posts
Showing posts with label bored piles. Show all posts

Friday, November 14, 2014

Business Construct: Projects of the year: 10 investments that have moved the market. OCTAGON was involved in the construction of three of the projects



Two shopping centers developed by NEPI, five office projects stretching over  110,000 sqm, a road passage, a multifunctional hall and a  DYI store, are ten of the most important real estate investments delivered this year, on a market in which large projects worth hundreds of millions of euro missed, Business Constructor writes. OCTAGON CONTRACTING & ENGINEERING was involved in the construction  of three of these projects: Hermes Business Campus, Green Court Bucharest and Green Gate.

Top 10 investitii 2014
The cumulated investments in these projects reached almost 350 million euro, while a shopping center,  such as AFI Palace Cotroceni from Bucharest cost 300 million euro and the investment in Palas shopping mall from Iasi exceeded 250 million euro. Two of these investments, the office projects Green Gate and AFI Park, benefited from banking financing, which shows that the financial institutions keep being prudent in granting loans for construction.

Under these circumstances, two public projects have also reached the top of investments:  the underground passage Mihai Bravu from Bucharest and the new Multifunctional Hall from Cluj, as well as a Dedeman store, a 16 mil. euro investment,  built in Colentina.

The 10 projects are:

  •   Vulcan Value Center- shopping center covering 25,000 sqm, located in Rahova area; investment: 47 mil. euro
  •  Mihai Bravu Passage
  • Targu- Jiu Shopping City- shopping mall with a leasable area of 27,000 sqm; investment: 30 mil. euro
  • Dedeman Colentina
  • AFI Park 2 and 3- two office buildings with 24,000 sqm of leasable space; investment: 40 mil. euro
  • The Office Cluj- offices with 19,000 sqm leasable; investment: 26 mil. euro
  • The Multifunctional Hall from Cluj- with a capacity of 7,200 seats; investment: 16 mil. euro.
  • Green Gate- office building located on Tudor Vladimirescu Blvd.; investment: 57.5 million euro. OCTAGON performed the geotechnical works: diaphragm walls, bored piles, dewatering system and crown beam
  • Green Court Bucharest- office complex developed in three stages on Barbu Vacarescu Blvd; investment: 46 mil euro. OCTAGON performed the infrastructure and superstructure works for buildings A and B
  • Hermes Business Campus- office complex located in Pipera area, on 5-7 Dimitrie Pompeiu Blvd. OCTAGON  was general contractor for the first stage of the project: the construction of building B, and is currently building the foundation and superstructure of building C- the second stage of the project.
Top 10 investitii 2014



Tuesday, November 11, 2014

Hermes Business Campus and Sky Tower, case studies presented by OCTAGON at the event Contractor 2014




Nicole Sommer
OCTAGON CONTRACTING & ENGINEERING  was one of the special guests at one of the most important construction events: Contractor 2014- organized in Bucharest between  10- 11 November 2014. The International Expoconference of Construction Contractors has gathered this year 74 speakers, architects and  contractor, from over 20 countries, who have presented the major projects  built by the companies they represented.

Within the plenary session “Construction”,  Nicole Sommer- OCTAGON’s Commercial Manager, presented two case studies: HermesBusiness Campus and Sky Tower.  Nicole Sommer spoke about the main features of the two office buildings, as well as about the construction methods and technologies used by   OCTAGON. The company’s commercial manager used as presentation support, two videos picturing various execution stages of the buildings.

You can watch the presentation video, here:
video

OCTAGON  was general contractor for the first building of the office complex Hermes Business Campus, located on 5- 7 Dimitrie Pompeiu Blvd. in Bucharest and is currently  performing the infrastructure works consisting in diaphragm walls D 800, bored piles D 1,000 and D 1,500, foundation raft, crown beam and superstructure for the second building – C. The second building will have the same area- 37,000 sqm and the same number of floors- 4 basements +8 floors +technical floor, as the first building, which has been fully leased.

OCTAGON  also built the foundation of the tallest building in Romania: Sky Tower, located in Bucharest, on 246 A Calea Floreasca.  The  137 m tall building, counting 37 floors and 5 basements, visible from all the areas of Bucharest,  is part of the complex Floreasca City Center, developed by the Austrian company Raiffeisen Evolution.  OCTAGON  built the foundation in top- down system of  two reinforced concrete slabs, measuring  4,600 sqm each. The company also performed the deepest foundation in Romania: 20 m, within this project.


OCTAGON CONTRACTING & ENGINEERING
For more information click HERE
Phone: (+4)021.232.39.20
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Thursday, October 16, 2014

OCTAGON building the second stage of the office complex Hermes Business Campus



Press release                                 
                       
                                                                                                                 October 15th 2014

OCTAGON building the second stage of the office complex Hermes Business Campus
*      Contract value: 6.2 mil Euro
*      Hermes Business Campus- office complex located on 5-7 Dimitrie Pompeiu Blvd.

Hermes Business Campus - building C
Bucharest, October 15th 2014: OCTAGON CONTRACTING & ENGINEERING, a company that specializes in civil and geotechnical construction works, started works on building C of the office complex Hermes Business Campus. The complex will be developed in three stages and this is the second stage. The works performed by OCTAGON will have a total value of 6.2 mil euro.

OCTAGON will build the infrastructure, consisting in diaphragm walls D 800, bored piles D 1,000 and D 1,500, foundation raft, crown beam. The company will also execute the superstructure of building C.

Hermes Business Campus - building C
“The fact that we are continuing works on the second stage of the complex Hermes Business Campus allows us to use the experience accumulated in the first stage to obtain better results and contributes to the project coherence. Construction works on building C started in September, and now we are building the special foundations.” said Mr. Alexandros Ignatiadis, co- founder and shareholder of OCTAGON CONTRACTING & ENGINEERING.

In July 2014 OCTAGON delivered the first stage of the project. The company was general contractor for building B within the complex, developed by NGY Properties Investment, the Romanian branch of the Belgian group Atenor. The building covers 37,000 sqm, has 4 underground floors, 8 ground floors and one technical floor and has been fully leased.

Hermes Business Campus is the first investment of Atenor Group in Romania. Works started at the end of
Hermes Business Campus - building C
2010, when OCTAGON won the infrastructure contract, consisting in the execution of  diaphragm walls, bored piles, excavation and foundation in top-down system, as well as the execution of the structure of levels -3 and -4.

In 2013 OCTAGON took over the general contractor role from the Austrian company Alpine and continued with the execution of reinforced concreting works on the superstructure, architecture, electrical installations and HVAC.

Building B obtained BREEAM certification with excellent grade for the execution of the superstructure.

About OCTAGON:

OCTAGON CONTRACTING & ENGINEERING (www.octagon.com.ro ) is a Romanian company set up in 2005, headquartered in Bucharest. The company also has a branch in Baghdad (Iraq).  With a 19.6 million euro in 2013, large scale projects in Romania, Iraq, Greece, Turkey and Bulgaria, OCTAGON is one of the main players in the civil and geotechnical construction sectors, in Romania.
Hermes Business Campus - building C

Among the reference works performed by OCTAGON in Romania there are: the office complex Green Court Bucharest (Gara Herastrau Street- Bucharest), the tallest office building in Bucharest Sky Tower (Barbu Vacarescu Blvd.), the office building Olympia Tower (Decebal Blvd.- Bucharest) and the Combined Cycle Power Plant 867 MW OMV- Petrom (Brazi- Prahova county).


 
OCTAGON CONTRACTING & ENGINEERING
For more information click HERE
Phone: (+4)021.232.39.20
See on map

Tuesday, September 16, 2014

Interview BURSA CONSTRUCTIILOR- Alexandros Ignatiadis: Our anchor during the crisis was the Iraqi market



Alexandros Ignatiadis
Octagon will end 2014 with a 16 million euro turnover, a decline on the turnover reported last year, according to the estimates of Alexandros Ignatiadis, co- founder and shareholder of the company. The anchor of Octagon during the crisis was the Iraqi market, he told us during an interview, stressing that the company wants to consolidate its position in this country, where it already has two ongoing projects. Alexandros Ignatiadis believes that the Romanian construction market needs restructuring, as it operates on 900 million euro annual losses and as in the past 20 years it has been negatively affected by political instability. Mr. Ignatiadis told us that the beginning of the year was characterized by effervescence in the private real estate sector, but, after the end of the first semester, many projects have slowed down.


Hermes Business Campus- building B
Reporter: How did the company’s activity evolve in the first year half and what is your forecast for the second half of the year?

Alexandros Ignatiadis: The first half of the year evolved positively for Octagon. We finished the construction of the first building within the office complex Hermes Business Campus, where we were general contractor and we contracted new civil, geotechnical and infrastructure works. The turnover for H1 of 2014- 6.6 million euro, is similar to the one of H 1 2013, so the financial perspectives for 2014 are optimistic.

Green Court Bucharest- building B 1
Reporter: Will 2014 be a better year than 2013 for Octagon?

Alexandros Ignatiadis: Even if it included number 13- that allegedly brings bad luck, 2013 was one of the best years OCTAGON has had so far. Two of our remarkable successes were the fact that we became general contractor for Hermes Business Campus and also having delivered the first building of the complex Green Court Bucharest, developed by Swedish real estate giant Skanska. We ended the year with a 19.6 million euro turnover, and we estimate a 16 million euro turnover for 2014.


Reporter: How do you see the short and medium term evolution of the construction market?
Green Court Bucharest- building B 2

Alexandros Ignatiadis: The construction market needs restructuring, because something is fundamentally wrong in this industry. A 4 billion euro market is operating on 900 million euro annual losses. It is an overcrowded market, which has been negatively influenced by political instability in the past 20 years. The short and medium term evolution will only be positive if this regulation occurs and if the state grants fiscal incentives for the sector consolidation. There is also a law draft initiated by the Romanian Association of Construction Entrepreneurs (ARACO), to eliminate from the competition, the companies set up overnight, that have access to public projects worth hundreds of millions of euro. Another solution would be to merge several Romanian companies in order to create companies with a superior financial power, able to access tenders for very high value projects. The construction sector is still a brake for economic growth, due to the fact that the political stabilization process has not ended yet

Reporter: How have the orders generated by public and private investments, evolved this year?

Alexandros Ignatiadis: Due to the fact that 2014 is an electoral year, most of the public funds have been directed towards areas able to attract voters. The construction sector is not a priority for the state this year, but we have been slightly affected, as we are not involved in major public projects. The private sector is dynamic this year. We participate in tenders for projects within all the segments of the construction market.

PC Business Center- superstructure 1
Reporter: Consultants say that the new real estate developments market, including the residential sector, has started to perform better this year. What is your perspective?

Alexandros Ignatiadis: The year started dynamically in the private sector and this gave new hopes, but after the first semester many announced projects have slowed down.   

Reporter: What will be the engine of the construction market in the next period?

Alexandros Ignatiadis: Inevitably, after 4 years of stagnation, infrastructure will be the engine of the construction market.

Reporter: What are the short and medium term development plans of Octagon?

Alexandros Ignatiadis: In a stagnating market, our priority is the consolidation of the economic position and keeping the existing clients. 

PC Business Center- superstructure 2
Reporter: How would you evaluate the tax level in our country?

Alexandros Ignatiadis: The tax level is acceptable against other EU member states, but the number of taxes must be reduced and wage inflexibility must also relax.

Reporter: What are your most important ongoing projects?

Alexandros Ignatiadis: We have ongoing projects in Romania and in Iraq. In Romania we are working on two office buildings and five infrastructure projects. We are working on building B of the Green Court Bucharest office complex, located on Herastrau St.- Bucharest, after having delivered building A, at the beginning of the year. The complex will have three office buildings in total.
A project started last autumn, on which we are currently working, is the office building PC Business Center, located on 7-9 A Bucharest- Ploiesti Road. We initially performed the special foundation and infrastructure works and we are now building the superstructure.
In terms of infrastructure projects, last summer we started the geotechnical works to “ Presei Libere Square Underground Passage” (Bucharest). We are also building bored piles and metal sheet pile retention systems in Craiova on a passage over the railway. Another project is the functional rehabilitation of Revolutiei Square in Slobozia, where we are building sheet pile retention systems and we are performing drilling for dewatering systems. We are also building bored piles for sections A, D and E, sector 2- Lugoj- Deva Highway, for Salini Impregilo.
At the same time we are continuing the retention works with columns and sheet piles at the project “Rehabilitation of Brasov- Simeria railway, Coslariu- Sighisoara section”, where FCC Construccion is the general contractor.
In Iraq we have two projects:  Electric Power Plant 1250 MW Shatt Al Basra in Basra (Iraq) and the residential project Iraq Gate Residential, for Iraqi developer Almco. In both projects we have been contracted for the execution of geotechnical works.

Shatt Al Basra Power Plant- Iraq
Reporter: Many construction companies, among which Octagon, have expended abroad as well. Octagon is developing in Iraq. Is this a good solution for survival during the crisis? 
Alexandros Ignatiadis: Our anchor during the crisis has been the Iraqi market. We have decided to try another market with long term growth perspectives and that has liquidities for infrastructure projects. The security issues have been an addition advantage for us, as they keep competition away. Right now we are building awareness and we are waiting for the political system to stabilize. The fact that we have two ongoing projects is a positive sign and comes as a confirmation of the fact that we had good intuition when we decided to expand there.  
Reporter: Do you plan to expand in other countries as well? If yes, where exactly?
Alexandros Ignatiadis: Right now we are focusing on consolidating our activity in Iraq, but should the opportunity of entering a market with high growth potential arise, we will certainly take it.  
For more information click HERE
OCTAGON CONTRACTING & ENGINEERING
Phone: (+4)021.232.39.20