Galens is a company that is increasingly spoken about when it comes to attractive projects, flexible contracting options, prime locations and high-quality, innovative materials. The company also received the 2015 Business Partner national award.
There is a lot of talk about Galens Invest’s Pupin’s Palace – not only in Novi Sad, but also further afield, because this a unique residential and commercial complex built in accordance with the latest European standards. How much is this investment worth and how has its financing been achieved?
– Projected investments in Pupin‘s Palace exceed more than €30 million. Financing for this exclusive commercial and residential complex was secured via the project financing of UniCredit Bank, which recognised our vision of building this kind of facility in the very centre of the city and confirmed the seriousness, solvency and efficiency of Galens Invest on the real estate market.
Despite being under construction as a “smart building”, with a lot of modern software and applications, Pupin’s Palace blends into the centre of Novi Sad’s old town excellently. What contents do you plan to install and what target group of buyers and tenants do you have in mind?
– The projected contents are planned to be incorporated on the basis of the needs of future tenants in the best location at the heart of Novi Sad, as well as those of clients who will buy/lease business premises that have been designed as the first Class A open space offices, in accordance with appropriate LEED standards, which implies the application of all modern construction systems and the installation of materials according to the highest international standards in construction.
The project has been recognised by relevant Serbian companies from the sectors of the economy, various representative offices, banking, insurance and especially the IT sector, which have submitted requests to lease and purchase this office space, which is ideal for companies with quiet activities.
For the IT sector we have envisaged in particular the exclusive application and installation of fibre optic cables, a predicted server room space, the possibility of personalising workspaces for employees in their company, as well as the most advanced VRF system of central heating, cooling and ventilation of the premises.
Simply maintaining such a business system as this will be a challenge in itself, and we have envisaged serious facility management that will be at the service of those in commercial and residential areas, taking care of every detail, as well as three layers of security for all tenants and users of Pupin’s Palace.
For the IT sector we have envisaged in particular the exclusive application and installation of fibre optic cables, a predicted server room space, the possibility of personalising workspaces for employees in their company
When do you expect the first tenants will be able to move in and what benefits can they expect?
– We have predicted the completion of this project, according to working dynamics, for the end of 2018. The new tenants of the complex, either the residential or the commercial part, will have all benefits in terms of being resident and doing business in the very centre of the city, in close proximity to all administrative, civil, cultural and sports facilities, as well as the benefits of not having to worry about parking, which is provided on three underground levels covering the entire surface area of the complex.
An investment in commercial or residential space in this building is a sound investment in itself, and we are certain that potential buyers and tenants will recognise the potential of this project.