Romanian industrial developer Global Vision has purchased the Nova Building office project in northern Bucharest, with the overall investment in the building set to exceed €12 million.
Following the acquisition, Nova Building will be refurbished and rebranded as Corner Office Building. The project has a leasable area of around 7,000 sqm and its mix of tenants includes Oppo and NAI Romania.
“We chose this building, primarily to have our own space, where we can optimize the activities of our three divisions – Real Estate Development, Construction and Asset & Property Management. Furthermore, this building can serve as a business hub for our clients and collaborators, whom we want to be closer to, with the idea of making every day work more efficient,” said Sorin Preda, CEO & Founder of Global Vision.
The same strategy of purchasing and refurbishing a building was implemented for Brătianu Business Center - a historical monument - which was added to the company’s portfolio to serve as a mixed-use business center.
“In the future, we estimate that such office projects will no longer be exceptions in our portfolio and will become a component of the mixed-use business parks that we develop in strategic areas. Furthermore, we plan to invest in such projects in various locations throughout Romania, our goal being to boost their potential and support the growth of local communities. Constanța, Oradea, Craiova are some of the markets we are considering for such investments focused on class A office spaces. For example, within Constanța Business Park - one of the largest business developments in South-Eastern Europe - we have already included in the project an area dedicated to office facilities, which will be developed in a future stage,” stated Șerban Juverdeanu, Head of Development at Global Vision.
During 2022, Global Vision has delivered over 100,000 sqm of industrial and logistics spaces, in Bucharest and across the country.
