The two rental deals drove the occupancy rate of the office building to about 70% after it had been empty for a number of years due to lawsuits.

The building developed by Avrig 35 and Industrialexport, which businessmen Ioannis Papalekas and Dragos Bilteanu bought for about EUR50 million last year, will have Ernst & Young as tenant for its top six floors, 17 though 22.

Cegeka rented almost 2,500 square meters distributed over three floors as the company intends to boost the number of employees from 190 to 265, Ruxandra Rades, HR Business Partner of Cegeka said.

Hydroelectric power producer Hidroelectrica, too, will occupy four floors of the tower as of next week.

“Only the first, second and third floor of 2,000 square meters each and the seventh floor are unoccupied,” said Ema Iftimie, leasing manager of the UpGround project, who is in charge of letting the space in Tower Center, the second tallest office building in Bucharest (100 meters).

Rent for the best office buildings in the center of Bucharest stands at EUR16 to EUR18 at the moment, and owners are willing to provide various incentives to attract tenants.

(English version by Loredana Fratila-Cristescu)