CPI Romania has announced the renewal of lease agreements with Deloitte Romania and WPP at The Mark office building in Bucharest, totaling over 12,000 sqm of office space.
Deloitte Romania has extended its lease for its 7,570 sqm office space in The Mark – Tower for another seven years. WPP Group has also renewed its lease for its office in The Mark – Podium for five years.
“This is a confirmation of our continuous concern to improve the quality and services offered in the office buildings in our portfolio,” says Fulga Dinu, Country Manager of CPI Romania.
Both lease deals were brokered by Knight Frank.
“Last year 50% of all office transactions were renegotiations and we expect the same in 2025," said Horațiu Florescu, Chairman & CEO Romania, Hungary, Bulgaria, Greece, Serbia.
The project, inaugurated in 2019, has a total leasable area of 26,050 sqm and is located near Victory Square.
The building is currently undergoing renovations to enhance the ground floor lobbies of both the Podium and Tower buildings, with completion expected in March.
CPI Romania is one of the largest players in the property market, with an office portfolio of 340,000 sqm.
