Romanian developer Genesis Property will invest €50 million in the transformation of office complex Novo Park into YUNITY Park, a campus that will include co-working and co-living spaces. The project spanning seven buildings with a leasable area of 75,000 sqm will be completed in the first quarter of 2023.
In the project, the current outdoor parking area will be redeveloped into a green area covering 7,500 sqm. It will include a cutting-edge amphitheater dedicated to outdoor events, with a seating capacity of 220 in the bleachers alone, as well as a 1,000 sqm urban forest where employees will be able to hold business meetings.
The campus will include co-working and co-living spaces, an ultra-modern conference center with a total capacity of 540 seats, a 190-seat café-restaurant, as well as entertainment, fitness and specially designed areas for socializing and relaxing.
”YUNITY Park represents the future of life at and beyond the office. It is an urban destination, strongly represented by the public space where professional and social life see equal opportunities for fulfillment. The current parking area will be transformed into an urban forest, with spaces for events, recreational experiences, and outdoor workspaces organically integrated. All of these are intended to bring together the local and corporate social cultures in a single space. YUNITY Park is a natural response to the collective aspiration for work-life balance, bringing nature back into the urban space and experiencing a healthy and sustainable,” said Liviu Tudor, Founder of Genesis Property and President of the European Property Federation.
The park will be developed and operated in line with Genesis Property’s objective to achieve net-zero carbon emissions by 2040.
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