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

  • Vastint Romania secured its first tenant for Bucharest-based Timpuri Noi Square Phase 2, signing SCOR for 3,250 sqm. The transaction, brokered by CBRE, facilitates SCOR’s expansion within Vastint’s local portfolio. The company has previously leased 2,320 sqm in Business Garden Bucharest.
  • EVO Properties has named Alexandru Marin as the new Property Manager for the London and Oslo office buildings in Bucharest. He brings over 15 years of property management experience.
  • IF&B Mille Sapori, the importer and distributor of Italian food products in Poland, has leased 4,118 sqm in the MLP Pruszków II complex. The lease deal was brokered by Coldwell Banker Commercial.

New appointments

  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.
  • Michał Kochanowski-Laren has joined Avison Young Poland’s Technical Advisory and Project Management team as Project Manager. In his new role, he is responsible for delivering a variety of consultancy projects across all segments of the commercial real estate market in Poland. Kochanowski-Laren is an electrical engineer and a graduate of the Warsaw University of Technology.


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