Deutsche Telekom has been gathering information about available buildings and rents for more than three months on a tenant’s market. It has been assisted by Romtelecom’s head of real estate Andrei Ianculescu and has not made a decision yet, therefore it has not started talks with office space owners.
Whereas take-up of Bucharest offices was almost 100% in 2008, the city now has some 300,000 square meters available and rent in secondary areas has gone down by as much as 50% in some cases, thus becoming attractive for multinationals to open regional services there.
The local representatives of the group said they were indeed looking for space to rent, but did not say what they needed it for, though.
The 1,600 to 2,000 square meters should be enough for 150 to 200 employees in a services center.
The companies Deutsche Telekom owns in Romania are now operating in various buildings throughout Bucharest, so the group is considering moving them into one building on medium term, especially since it plans to integrate Cosmote and Romtelecom.
(English version by Loredana Fratila-Cristescu)