Pedro Construct completes office building in Bucharest

02
Feb
2023
News - Pedro Construct completes office building in Bucharest #Avison Young #Bucharest #Pedro Construct #Petre Niculae #Politechnica Business Tower #Romania

by Property Forum | Office

Romanian developer Pedro Construct has completed a new office building spanning 9,500 sqm in Bucharest following an investment of around €18 million.  


The new Politehnica Business Tower is located in western Bucharest and is the first office project delivered by the company. The office leasing will be coordinated by real estate consultancy firm Avison Young. 

”The building's geometry and floor surfaces offer flexible compartmentalization so that each floor can accommodate up to 4 different tenants. The rental strategy also takes into account the hosting of adjacent services in the building, these are very important for the area and the project: restaurant, medical clinic, bank, pharmacy, ecological laundry,” says Petre Niculae, founder of Pedro Construct. 

At present, the developer is working on a separate residential project in northern Bucharest. 




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New leases

  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
  • 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.

New appointments

  • iO Partners has appointed Constantin Banu as Business Development Director for its Industrial and Land segments. With over 25 years of experience in the Romanian real estate sector, Banu is widely credited with helping shape the local logistics market. In his new role, he will oversee expansion strategies for the two segments.
  • 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.


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