Project1 opens its operations in Romania with a team of 21 industry professionals, mostly engineers in the field of construction, each with a minimum of 5 years experience in the corporate office design industry. The company is currently on target to end the 2019 fiscal year with sales grossing ten million euros, with the 2020 turnover target expected to exceed 20 million euros.
To date, Project1 has signed contracts worth 8.1 million euros, with their current client list including Amazon Development Romania, Thales Systems Romania, Visteon Electronics, the International British School of Bucharest, Buck Consultants Limited London, and Nagarro Romania.
“We estimate, based on official figures from previous years, that the market for corporate office design – including furniture – will increase up to 120 million euros. We are currently on target to service 10% of the market in 2019, with only 7 months of activity. Next year we realistically expect to service 20% of the market.” Valentin Nour, Project1 CEO
Project1 specialize in delivering large-scale, complex construction projects in a limited turnaround time:
“We identified a need for improved delivery and quality assurance in the Romanian corporate office design industry and real estate market. Project1 has been set up to meet this need, with extensive expertise in large-scale development projects. The dynamics and specificity of these projects involve risks that we have become accustomed to. We prepare the risk analysis during the evaluation phase of the project to ensure we are able to manage unforeseen situations within budget and on time. Our strength is undoubtedly our collective experience and close collaboration with trusted industry partners, enabling us to mobilize more than 500 implementation specialists, across a wide area of expertise. This is an industry where time pressure can be enormous – our role is to manage this pressure to enable companies to implement a smooth transition into a functional space. In a nutshell, we provide our clients with the expertise and knowledge to save both time and money, along with the assurance of meeting strict schedules, which ultimately enables our clients to focus on the end delivery of their business operations.” Ștefan Olaru, COO Project1
Already operational, the company has its main headquarters located in Bucharest, on the ground floor of the CA Immo Bucharest Business Park office building. A second office is located Timisoara, in the City Business Center Complex owned by the South African NEPI Rockcastle fund.
Project1 only works with trusted, reputable building and construction industry manufacturers and suppliers on behalf of its clients as a part of its direct outsourcing policy.