The lease was signed in September 2019 following a process led by Sandra Apachitei, advisor within the department Advisory & Transaction, Office Occupier, CBRE Romania.
Bank of China officially launched operations in Romania on December 16.
Companies leased over 84,000 sqm of offices in Bucharest in the third quarter of 2019, up 15% on the year, said Tudor Ionescu, Head of Advisory & Transaction Services, Office, CBRE Romania.
Total office stock in Bucharest reached approximately 3.16 million sqm at the end of the third quarter. More than half the stock is made up of Class A offices. The vacancy rate stood at 9.3%, slightly higher than I the same period last year.
Approximately 60,000 sqm of offices were delivered in Bucharest in the third quarter, in Expo Business Park developed by Portland Trust in the northern area and The Light developed by River Development in the western area. The north and west of Bucharest house 50% of the city’s Class A offices.