Globalworth’s tenant since 2017, Ferrero will occupy a total area of 1,660 square meters from 1,000 sqm previously.
“The decision to expand our headquarters in Bucharest was a logical step in our business growth strategy in Romania; in this context, this step will further strengthen our capabilities in the region to foster our development and to increase our ability to serve our consumers and partners,” said Lorenzo Gavini, Managing Director at Ferrero Romania and Bulgaria.
Ema Iftimie, Head of Leasing & Customer Care at Globalworth Romania said companies are starting to return to offices, a sign of returning to normal.
“More and more business partners tell us that working from home cannot be a long-term solution, since it is increasingly difficult for employees to separate their personal and professional life. They also complain about the lack of human interaction,” she said.
In 2020, Globalworth successfully took-up or extended/renegotiated around 303,500 sqm of commercial spaces in its portfolio, representing 25% of its total standing commercial lettable area.
This represented the highest volume of leasing activity Globalworth has ever achieved, mostly attributed to successful negotiations with existing tenants. The office developer said its strong tenant relationships were also confirmed in its standing commercial occupancy, which remained high at 90.9% (91.7% including tenant options).