Renault wants to have all its offices in Bucharest in one place, in a 40,000 building, which Israeli businessman Simon Roth might build and could move into the new offices after 2018-2019 when they should be completed.
“We withdrew from the tender because we would not have had enough time to complete the project. Renault extended the deadline until 2019 for the time being. I cannot comment any further,” Liviu Tudor said.
According to information in the market, the developer has a tight deadline to build the offices of the French group and the contract includes heavy penalties for failure to meet it.
Renault tried to consolidate its offices in Bucharest five years and two years ago, but postponed it. It now operates out of West Gate (Automobile Dacia and Renault Commercial Roumanie and the other divisions such as RCI Romania) and out of North Gate in Pipera (Renault Technologie Roumanie – RTR), developed by Creative Invest Grup, of businessman Marius Ivan. Renault signed a four-year extension of the lease for the North Gate office space in October 2014, so it will stay in the 20,000-square meter space until 2018.
Renault Group officials say they are still looking for the best solution for the employees.
Renault has received an offer from businessman Simon Roth, and the new building should be located near West Gate. The 40,000-square meter building should generate more than EUR6.2 million in rent a year, at a price of EUR13/square meter/month.
Simon Roth is the founder of Ganel Real Estate, which has built a number of logistics centers rented to Renault, such as the center in Oarja, near Pitesti (south of Romania).
(English version by Loredana Fratila-Cristescu)