America House in Bucharest completes refurbishment

30
May
2022
News - America House in Bucharest completes refurbishment #ADD Value Management #America House #Bucharest #David Hay #office #Romania

by Property Forum | Office

The America House office building in central Bucharest was refurbished as part of a €10 million investment that included the upgrading of the exterior ground floor area and the extension of green spaces. 


Around 1,800 sqm of unused space on the first floor was turned into offices as part of the project that was coordinated by AMA Design studio. Fortim Trusted Advisors also oversaw the refurbishment as property manager.

“America House is proudly presenting its new look: the stylish reception, the high-tech facilities, and the cosmopolite pedestrian area, following 1.5 years of intense refurbishment,” said David Hay, founder, and CEO of ADD Value Management, the asset management company of America House. The lifts and security systems were also upgraded in this period.

David Hay

David Hay

Founder and CEO
ADD Value Management

David Hay is the Founder and CEO of ADD Value Management SRL (AVM). AVM provides in-house services for international investors covering portfolio management, financial management, asset management, property management and development management focusing on Romania and Poland. David has a real estate experience of more than 30 years, spreading over Europe, the U.S., Africa and Israel. He has been the CEO of AFI Europe from 2011 until 2018 and has held leadership positions within AFI Europe Group for more than 12 years. David holds an LLM from Buckingham University. More »

America House has 28,806 sqm of office space and commercial areas spanning 3,675 sqm. The project’s mix of tenants includes financial and technology corporations as well as local firms.




Latest news


New leases

  • Nowy Styl, a European leader in office furniture solutions, has signed a lease extension at the Oxygen Park office complex. The tenant occupies approximately 550 sqm within the project.
  • iLogic, an official distributor of Delphi Tools, has leased 3,400 sqm of modern space at MLP Wrocław. This transaction completes the commercialisation of the 66,000 sqm warehouse complex. BNP Paribas Real Estate Poland supported the tenant during the negotiation and lease agreement process.
  • The Chief Inspectorate for Environmental Protection has leased 4,600 sqm of office space in the refurbished HOP building, part of the Syrena Real Estate portfolio, in Warsaw. The company has been operating from its new address since January 2026.

New appointments

  • NEPI Rockcastle has nominated Zelda Roscherr as an Independent Non-Executive Director. Roscherr will stand for election at the Annual General Meeting (AGM) in May 2026. André van der Veer, currently an Independent Non-Executive Director, will retire at the conclusion of the AGM and will not seek re-election.
  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.


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