BAT leases 10,500 sqm in Bucharest's One Cotroceni Park

19
Dec
2022
News - BAT leases 10,500 sqm in Bucharest's One Cotroceni Park #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.  




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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