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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  • REHAU, a global manufacturer of advanced polymer solutions, has signed a lease for approximately 4,100 sqm of space at MLP Business Park Poznań. The new facility will integrate warehouse operations with modern office space and a dedicated showroom for product presentations, corporate meetings, and technical training.
  • RecuNova has leased 305 sqm in the Bucharest-based Olympia Tower office building for a new medical clinic. The lease deal was brokered by Activ Property Services.
  • Gaya Studios has 190 sqm in Green Gate office complex, in a deal brokered by Rustler Romania.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


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