PTC Romania has renewed its lease contract for the 3,600 square meter space already occupied in Riverplace and decided to add 1,200 square meters.
Located in Bucharest’s Center-West area, one of the most dynamic office space submarkets in the capital city, Riverplace has a lettable area of 47,000 sqm and is part of CA Immo’s office portfolio in Bucharest.
“We are honored by the long-term partnership with PTC Eastern Europe which started in 2009 and will further continue. The PTC lease consolidation is enhancing that Riverplace hosts important companies, enjoying quality building specifications and general features, excellent visibility and accessibility to all means of transportation, including the subway, the Petrache Poenaru metro station being located just in front of the project,” said Marian Roman, Managing Director of CA IMMO Real Estate Management Romania.
The transaction was brokered by real estate consulting firm Cushman & Wakefield Echinox.
CA Immo is an investor, manager and developer on the office space segment in Germany, Austria and Central Europe. In Romania, CA Immo has been present since 2001 and its local portfolio includes seven office buildings: Opera Center One and Two, Europe House, Bucharest Business Park, Riverplace, Campus 6.1 and Orhideea Towers, which have a lettable area of approximately 165,000 sqm.