BNP Paribas Real Estate assisted Ferrero Romania in the transaction.
City Gate, held by Israeli real estate developer Globe Trade Center (GTC), is located in Bucharest’s Piata Presei Libere Square and provides 44,000 sqm of class A office spaces to clients like Romtelecom, Microsoft and Millennium Bank.
Demand on the local office space market mainly targets relocations because companies are trying to balance rental costs with the quality of rented spaces.