The expansion brings the office building to a 99% occupancy rate, Genesis Development said. Novo Park has a leasable area of 75,000 square meters of office space.
“We have noticed recently a tendency for expansion. This is apparent in Novo Park, as well as West Gate, the office development we built in the western part of Bucharest. In the past two years alone, tenants in Novo Park and West Gate have extended their offices by around 20,000 sqm,” said Genesis Development president Liviu Tudor.
Luxoft has had its offices in Novo Park since 2007 and has more than 1,000 employees.
Other Novo Park tenants are Hewlett-Packard (HP), Mondelez Romania (formerly Kraft Foods), Garanti Bank, Ringier, Sodexo, Infineon Technologies, Yokagawa and UniCredit.