Indian giant Wipro, through its local division Wipro Technologies, contracted 4,000 sqm of office space within Globalworth Tower, located in the Barbu Vacarescu area, the second tallest building of this type in Romania.
Wipro Technologies Romania will inaugurate a new center which will support the company’s objective to achieve more complex activities, at the next level of consulting services.
The new offices will provide consulting, software development and business process services to companies in Europe and worldwide. Also, the new offices will operate as a platform for the growth of the engineering business, along with the secondary unit in Timisoara.
Globalworth signed lease contracts for an additional 16,600 sqm of gross leasable area for the properties it holds, reaching a total leased area of 413,200 sqm with an average contractual period of 6.3 years on May 30, 2017, the company said. This means the five-year lease contracts prevail to the detriment of seven-year contracts. Overall, the average GLA occupancy rate reaches 89.7%, plus an additional GLA commercial area of 11,500 sqm signed as part of a pre-contract, which increases the leased area to 92.2%.