New Work plans heavy expansion in Bucharest

21
Feb
2019
News - New Work plans heavy expansion in Bucharest #AFI Europe #Bucharest #New Work #office #Romania

by Property Forum | Office

AFI Tech Park, AFI Europe Romania’s latest business campus in Bucharest, announced two new tenants of AFI Tech Park 1, the first building of the office complex: New Work and Afcon Electra Romania. Following this transaction, AFI Tech Park 1 reaches an occupancy rate of 80%


AFI Tech Park 1 was finalized in Q3 2018, with a total GLA of 22,000 sqm of Class A offices, in the proximity of the Palace of Parliament and Unirii Square. After finalizing all three phases of the project, AFI Tech Park will become one of the most complex office projects in the area, offering 56,000 square meters of Class A office spaces in the two eight-storey buildings and an office tower of 14 floors.
 
The complex offers a wide range of services to tenants, such as a conference hall that can be booked on an hourly basis, available to all tenants, AFI Tech Park Club membership card, which offers discounts and benefits at nearby restaurants and partners, as well as World Class gym, which leased 1,500 sqm in AFI Tech Park 1. AFI Tech Park 1 already LEED Platinum pre-certified for “green building”
 
New Work provides workspace solutions for corporate clients, serviced offices and co-workers, and is one of the largest players in CEE, operating more than 25 centres in Hungary, Poland, the Czech Republic, Romania and Ukraine. New Work leased 2,800 sqm of office space in AFI Tech Park 1 and will also operate the building’s conference hall, which can be used by all tenants of AFI Tech Park 1, based on hourly booking, minimizing their operational costs.
 
“Signing the lease in AFI Tech Park 1 is a cornerstone for New Work’s market entry in Bucharest. We intend to operate at least 5 centres in Bucharest by 2020”, said Hubert Abt, CEO of New Work.
 
The transaction was brokered by Simona Urse, Associate Director Office Agency at Crosspoint Real Estate.
 
The second new tenant is Afcon Electra Romania, a market leader in developing and installing electrical, thermal, sanitary, ventilation and fire extinguishing systems. Afcon Electra Romania will relocate and expand its offices by leasing approximately 500 sqm in AFI Tech Park 1. The company implements complete electro-mechanical projects for commercial centres, office buildings, industrial buildings, hotels and hospitals.
 
New Work and Afcon Electra Romania join other companies that have already relocated to AFI Tech Park 1, such as certSIGN, Game World Group, RTC Proffice Experience, Knauf (with its two branches, Knauf Gips and Knauf Insulation), Hilti Romania, World Class, WWF, Connect 44.



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New leases

  • Premium office operator Hotspot has expanded its flexible workspace footprint within Bucharest's The Mark building by approximately 700 sqm to meet rising corporate demand. The expansion brings the total area of private office and coworking spaces at the Hotspot Workhub sites to approximately 2,552 sqm.
  • Stook Concept has leased a 3,600 sqm module within building C2 at the MLP Bucharest West logistics centre. The facility comprises approximately 3,500 sqm of warehouse space and 100 sqm of offices. The building is in its final construction phase, with handover scheduled for later this quarter. Colliers represented the tenant in the transaction.
  • DXC Technology has extended its lease agreement for office space in Warsaw’s Skyliner tower, securing its tenancy until 2032. The global IT services leader will continue to occupy nearly 4,600 sqm of office space distributed across three floors of the Karimpol Group’s flagship development.

New appointments

  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.
  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.


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