PPF Real Estate upgrades Bucharest office building

06
Dec
2021
News - PPF Real Estate upgrades Bucharest office building #Bucharest #Metropolis Center #Mirela Ciovica #office #PPF #Romania

by Property Forum | Office

Property developer and investor PPF Real Estate has invested close to €1 million in redesigning the ground floor of Metropolis Center, the office building that it owns in central Bucharest. 


The space features a new reception desk, fully furnished meeting rooms designed to be used by the building tenants, and a coffee shop, as a novelty introduced by the new design.  

The canteen capacity was extended by transforming part of the former lobby in building B into restaurant space. The floor also hosts relaxing areas with small tables and sofas available for tenants and visitors. 

“The new investment is proof of PPF’s long-term commitment to Romania and to its tenants, who need change and upgrade now that they are returning to the office in a hybrid work model,” said Mirela Ciovica, Head of Leasing Romania, PPF Real Estate. 

Metropolis Center has office and retail spaces with a total surface of 19,000 sqm. PPF Real Estate owns another office building in central Bucharest. The total leasable area of the two projects stands at 35,000 sqm. 

PPF Real Estate manages assets exceeding €2.5 billion in Europe, UK, Russia and the US.




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New leases

  • 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.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • 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.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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