The project is due for completion until 2019, and the two buildings of the headquarters will bring under the same umbrella all the group’s activities in Bucharest, from design and engineering to business services and trade.
The 3,000 employees who will be working within the new headquarters will have at disposal 1,000 parking lots, a 350-seat amphitheatre for events, a restaurant, a medical cabinet and computer infrastructure.
The project is developed by Elgan Offices SRL, a company equally owned by Globalworth, an investment fund run by businessman Ioannis Papalekas, and by Elgan Group. Company representatives declined to say the value of investment in this project, saying it is a confidentiality contract.
Dimitris Raptis, deputy CEO and chief investment officer with Globalworth, said the relocation of the headquarters of Groupe Renault Romania is the biggest leasing transaction on the Romanian office building market and Globalworth’s first investment in western Bucharest.
Renault Group operates in 127 countries and sold nearly 3.2 million vehicles in 2016. Renault’s biggest company in Romania is carmaker Automobile Dacia, which reported a turnover of RON20.7 billion (EUR4.6 billion) in 2016, up 8.3% on the year.