This is the third consecutive extension of the lease contract.
PPD head office has been located within this center since 2008, and the company has extended the lease contract until October 2026.
On June 30, 2021, Genesis Property also announced that the Romanian division of Yokogawa, a Japanese multinational electrical engineering and software company, signed a five-year extension on its lease for offices in Novo Park, one the largest business parks in Bucharest.
West Gate Business District offices have a lettable area of 75,000 square meters. The complex consists of five buildings, each with a usable area of 15,000 sqm, with Class A offices. The center also has parking spaces, green spaces and other facilities such as outdoor swimming pool, a four-star hotel, a tennis court and a running track.
Genesis Property is one of the leading developers of Class A offices in Romania, with an experience of over 20 years in the real estate industry. The company owns and manages over 150,000 sqm of Class A office space, in Novo Park and West Gate Business District located in Bucharest.
Some of the most important tenants of the two office parks includes companies such as HP, Accenture, Societe Generale, Citibank, Ericsson, Garanti BBVA, Infineon, Luxoft, Yokogawa, Siemens, Alpha Bank, where over 20,000 people work.