The company also decided to extend its existing lease contract until 2025.
Infineon Technologies Romania currently occupies office spaces in the B and C buildings of Novo Park. In 2005, the company leased a 2,300-sqm space and has since continued the expansion of its office spaces. Novo Park is developed by Genesis Property in northern Bucharest.
Worldwide, Infineon Technologies owns more than 56 research and development (R&D) centers and 20 production units, employing more than 50,280 people.
In April 2022, Genesis Property started the makeover process of Novo Park located in northern Bucharest, within the YUNITY Park, a real estate concept that will integrate the working and urban lifestyle trends of the future into a space of premium facilities. Company officials expect the project to be completed in the first three months of 2023, following a total investment of EUR50 million.
Genesis Property holds and manages over 150,000 sqm of office spaces hosting large companies such as HP, Accenture, Societe Generale, Citibank, Ericsson, Garanti BBVA, Infineon, Luxoft, Yokogawa, Siemens and Alpha Bank, where more than 20,000 people work.