Historic palace reopens as office building in Bucharest

01
Oct
2018
News - Historic palace reopens as office building in Bucharest #Activ Property Services #Bucharest #office #redevelopment #Romania

by Property Forum | Office

The former Stock Exchange Palace, a historic heritage building located in the centre of Bucharest, has entered into a full process of commercial redevelopment.


Built at the beginning of the 20th century at the suggestion of King Carol I, the building was the headquarters of the Stock Exchange during the interwar period and afterwards the headquarters of the National Library of Romania. In 2008, the building was returned to the Chamber of Commerce and Industry of Bucharest.
 
The building is located at the junction of Doamnei and Ion Ghica streets, across the National Bank of Romania and the new DoubleTree by Hilton hotel which is also an historical building that was refurbished and extended.
 
Activ Property Services, member of GVA Worldwide and the exclusive agent of the project, has provided letting services for all the available spaces afterwards the Chamber of Commerce has occupied the second floor and part of the building’s third floor.
 
The retail spaces located at the building’s ground floor have been leased by Toan's (134 sqm), a Vietnamese restaurant chain, La Vita e Velo (104 sqm), a bicycle retailer specialized in top English brands, along with Forma Art Café (150 sqm). All units are already fit-out and expect to open soon.
 
The first floor’s west wing (1,000 sqm) is used by NF Palace Old City Bucharest, a local operator's hotel that runs also other locations in the Historical Center. The last unit from the third floor is occupied by the architecture office of Metropolis.



Latest news


New leases

  • The global fintech group - Capital.com - has extended its lease agreement for 3,000 sqm of office space in the Skyliner office building in Warsaw until 2032. Over the past 12 months, lease extension agreements for a total of nearly 12,000 sqm have been signed in the building.
  • 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.

New appointments

  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
  • 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.


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