The 20,000-square meter office building represents a quarter of the new office spaces to be delivered in 2012, CBRE said.
Tower Center International was completed in 2008 and has not been rented so far due to litigation between shareholders.
“As far as we know, the conflict between shareholders has been settled. [Tower Center International] is not on the market yet, but might be available for rent this year,” CBRE Romania representative Catalina Jigman told Mediafax Thursday.
AFI Business Park, Aviatorilor Business Plaza, Prezan OB, UniCredit HQ and ART Business Center 6 will also be completed this year. Sky Tower (the highest office building in Bucharest) and FCC Office, both developed by Raiffeisen Evolution, will be delivered by the end of the year.
Only 2,000 square meters of new office spaces were delivered in the first quarter of 2012, compared to 45,000 square meters in the same interval a year ago.
No new office space project has been started this year, which means 2013 will not see an improvement on this segment. Usually, an office building is completed in 18 to 24 months.
Ana Tower, developed by GTC and businessman George Copos, and Pipera Business Park are among the office projects that might be started this year.
The office delivery level in 2013 might be lower compared with this year, said Jigman. “Tenants might be willing to pre-rent spaces, which will help the market. Many projects would start if pre-rent deals existed,” she added.
Bucharest’s office stock is estimated at about 2 million square meters.