News Article Bucharest Knight Frank lease office One Cotroceni Park Romania
by Property Forum | Office

Global Business Solutions (GBS), the largest shared services centre of the BAT group that serves BAT subsidiaries at a European and global level, will occupy an area of ​​10,500 sqm in One Cotroceni Park Phase 2. The lease transaction was brokered by Knight Frank Romania. 

The company has over 3,000 employees in Romania, which includes production and business units. 

“The fact that a large international company, an important player in the services market in a highly competitive industry such as BAT GBS chooses to move its headquarters to One Cotroceni Park proves that, in a time of multiple challenges, One United Properties is an active player in the office segment,” said Mihai Păduroiu, CEO Office Division at One United Properties. 

"We chose this location to offer BAT GBS Romania employees an experience that invites them to come to the office, collaborate and enjoy special moments with their colleagues. The new location also allows us to advance our sustainability goals, thanks to the various facilities of the One Cotroceni compound, focused on ESG – an aspect that I support, and which is very important to our entire centre and to BAT's mission to build a better future", says Mario Calero Leyva, General Manager BAT GBS Romania.

The transaction was brokered by Knight Frank Romania, with the direct involvement of two of the most senior representatives in the local real estate market, Horațiu Florescu and Roxana Bencze."It is a great pleasure to be the agent for this transaction, the largest in the market this year. It was also a record from the point of view of the period of making the final decision, of about 6 months. The demand for office spaces in Bucharest in the nine months of 2022 was 15% higher compared to the same period last year, reaching 218,000 sqm, which shows us the constant importance of the physical offices for the optimal functioning of organizations", Knight Frank Romania representatives added.

At the moment, 87% of the office and commercial spaces in Phase 1 and 55% in Phase 2 have already been leased, with major companies choosing One Cotroceni Park as headquarters. Among them are Ford, which opened the Ford Business Solutions Centre, Siemens Energy, which leased space of 7,500 square meters for 10 years, Superbet, DB Cargo, SII Romania, Caroli and others.

The company's office portfolio includes 103,000 sqm and will reach 138,000 sqm after the delivery of One Cotroceni Park Office Phase 2 by the end of 2022.