The group’s revenue in Romania stood at more than EUR4.5 billion in 2015 and Automobile Dacia generated EUR4.3 billion of it.
The French group is to make a decision about which building to relocate to in Bucharest within two months, market sources say.
Renault has two offers to choose from, one from businessman Simon Roth, a new development on the Preciziei Blvd in the Militari district in the west side of Bucharest, close to its current local headquarters and a second from Liviu Tudor, the largest Romanian office space owner, who owns the West Gate complex in the same part of Bucharest, where Renault’s offices are at the moment.
“There is a project for a single Renault headquarters in Bucharest under consideration, but not confirmed yet. We now have more than 28,500 square meters rented in our two main locations, North Gate in Pipera and West Gate in Militari,” Groupe Renault Romania officials said. Renault is also renting a landmark villa in downtown Bucharest, which its design center uses.
The subject of the talks is a lease of an almost 40,000 square meter building, which should generate more than EUR6.2 million annual rent income, at a price of EUR13/square meter month.
Simon Roth is an Israeli born businessman and founder of Garel Real Estate, which built several logistics centers and rented them to Renault, such as the facility in Oarja, near Pitesti. It has also made investments in Hungary since 1997, where it built a Gyor logistics center for the Renault-Nissan Alliance, among others.
Liviu Tudor, via his Genesis Development company, signed an extension of the lease with Societe Generale European Business Services until 2021. SG EBS is currently renting 7,600 square meters in West Gate. This is the fourth lease extension of Genesis Development, after Hewlett-Packard, Yokogawa and Infineon’s in Novo Park, about 35,000 square meters of office space. Genesis Development owns West Gate and Novo Park, 150,000 square meters of Class A office space in all.
(English version by Loredana Fratila-Cristescu)