In line with their development strategy, a long-term leasing transaction was completed for a period of 6 years with a total surface area of 1,200 sqm in the office building located on Pipera Street.
LSD Group’s presence in CEE has enabled the successful completion of over 175.000 sqm across 250 projects. The company works with prominent brands across its region, such as Bucharest Stock Exchange, Burger King, Guerlain, HTEC, Kaufland, KFC, LPP, Metro, Montblanc, Pepco, Popeyes, Profi, Starbucks and Wittchen.
“We’re delighted to welcome LSD Group into our community as a partner in our Globalworth Plaza office building. The new headquarters of the company will be located in the most dynamic business area in Bucharest, Globalworth District, and it will offer its employees an ideal mix of workplaces and a wide variety of amenities. We have every confidence that they will find the productive, comfortable, and creative working environment that they have been looking for,” said Costin Barbu, Senior Leasing Manager at Globalworth Romania.
“Our relocation to Globalworth Plaza marks a pivotal moment in LSD Group’s strategic evolution. This move is a significant step in our multinational expansion strategy, reflecting our robust growth both in Romania, fuelled by multiple investments over the last years, and on a global scale, with international operations projected to contribute 30% to our revenues by 2024. Central to this achievement is our commitment to supporting entrepreneurs, integrated into our “Make it real” customer experience concept. Our new, modern office space is designed for communication and collaboration, which is essential for our team,” said Bogdan Haiduc, CEO of LSD Group.
Globalworth Plaza is a Class “A” multi-tenant office building with excellent visibility, located in the northern part of Bucharest at the junction of Pipera Road and Barbu Vacarescu Boulevard. The office building is the third tallest office tower located in the New Central Business District, and among its tenants are Anima, Cegedim, AC Nielsen, Coface Romania, Patria Bank, Printec, Brinks, Gothaer, GTS, Dover Business Services Europe, Teilor and CCC. Globalworth Plaza was totally refurbished in 2017 and received BREEAM Excellent accreditation.
Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Poland and Romania. Globalworth acquires, develops and directly manages high-quality office and industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 250 professionals across Cyprus, Guernsey, Poland and Romania the combined value of its portfolio is EUR3.1 billion, as of 30 June 2023. Approximately 96.9% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 700 national and multinational corporates. In Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Timisoara, Constanta, Pitesti, Arad, Oradea and Targu Mures.
The LSD Group business is present in nine countries in the region, which allowed the completion of over 175,000 sqm of fit-outs in 250 projects. Its customers include the Bucharest Stock Exchange, Burger King, Guerlain, HTEC, Kaufland, KFC, LPP, Metro, Montblanc, Pepco, Popeyes, Profi, Starbucks and Wittchen.