GTC completes refurbishment of Bucharest office project

20
Oct
2022
News - GTC completes refurbishment of Bucharest office project #Bucharest #City Gate Complex #GTC #office #Romania #Ziv Gigi

by Property Forum | Office

Property developer GTC has completed the refurbishment of its City Gate Complex office project in Bucharest following an investment of €3.5 million.


The upgrade process was focused on the common and leasable areas. The total amount invested in the common area was €500.000, while the investment in the leasable area exceeded €3 million. 

The money was used to refurbish entirely the units, extend the sanitary areas, implement new modern architectural concept, replace raised floors, install new carpet, ceiling tiles LED lighting and also improve the electrical and fire detection systems.  

The new ventilation system with 4 pipes offers thermic comfort, with 100% fresh air intake, in line with the latest COVID-related health requirements. Increased intake of natural light, but for visual comfort the sun light can be controlled by sun blinds. Also, the windows can be opened, offering natural ventilation, which can increase office productivity by up to 11%. 

“All the new solutions implemented are energy efficient, which is sine qua non condition for any modern building. The achieved goal of the refurbishment process was to offer to our tenants a flexible working environment, comfortable, sustainable, and accessible,” stated Ziv Gigi, General Manager GTC Romania. 

The City Gate Complex includes two tower buildings (ground floor + 18 floors), located in Piața Presei Libere area, and has a total leasable space of 47,700 sqm.




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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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