by Property Forum | Office

Cushman & Wakefield Echinox was appointed to manage One Victoriei Center office building in Bucharest (former Bucharest Corporate Center), a representative business centre located in the business centre area of the Capital (CBD).


Cushman & Wakefield Echinox will be responsible for managing the day-to-day operations of the building through a team of specialists both on-site and at the company’s headquarters, coordinated by Mihaela Petruescu, Head of Asset Services.
 
One Victoriei Center is a building located at the intersection of Buzesti and Gheorghe Polizu streets, in Piata Victoriei, with a leasable area of approximately 12,000 square meters distributed on the ground floor and 13 floors above ground, being one of the emblematic buildings in the capital's CBD, formerly being the headquarters of companies such as Generali or IBM. The building, part of the One United Properties portfolio, has attracted new tenants, such as BRD or Food Panda.
 
The CBD area recorded a 4.6% vacancy rate for office spaces at the end of 2018, a figure below the Bucharest average of 8.6%, being one of the areas with the lowest availability rates in the capital city.
 
Alexandra Grigoraş, Leasing & Marketing Manager, One Office, the office division of One United Properties: "In a highly competitive office market, the quality of the services offered to tenants is an element that makes more and more a big difference between projects. One Victoriei Center is a quality building, located in a privileged area near the most important transportation hubs of the city and through Cushman & Wakefield Echinox professional management we are sure that our current and future tenants will benefit from a wide range of services".
 
For Cushman & Wakefield Echinox, the new mandate coincides with the expansion of the services offered through the property management department, which therefore changes its name from Property Management to Asset Services.
 
Mihaela Petruescu, Head of Asset Services Department, Cushman & Wakefield Echinox: "We are proud to expand the portfolio of properties that we manage with a new office building, One Victoriei Center respectively. Our strategy meets the requirements, needs and expectations of landlords and tenants, equally. We rethought the services we offer, because today customers want more than property management. In order to be more productive, healthier and more creative, employees need an attractive workspace in an office building, along with hospitality and wellness programs, apart from high-performance technical systems, events organized for them or surveys to identify tenants' satisfaction level.”