GTC, one of the leading real estate companies in Central and Eastern Europe, announces the leasing of 1,618 square meters, located in two of its emblematic projects in Bucharest, City Gate and Premium Plaza. Also, the developer extended the lease contracts with other two companies that together occupy 1,510 sq m of office spaces, in City Gate.
The end of 2021 was a fruitful period for GTC Romania that welcomed 3 new tenants in the City Gate Project including ZIM Integrated Shipping, an international cargo services company, and Bachmann Romania, a company that operates in the electrical engineering sector and is present in 7 countries across Europe. The new tenants will move into their new offices in the first quarter of 2022.
“Romania is an important market for Bachmann. After opening our first showroom in London in November 2021, we decided to replicate the concept in Romania. We are confident that the location we selected in City Gate – owned by GTC, with whom we have a solid partnership – will help us promote our business and our capabilities,” stated Răzvan Dumitrache, Country Manager Bachmann Romania.
The last quarter of 2021 was a good period not only for signing new partnerships for GTC, but also for consolidating relationships with previous tenants. One of the biggest global home appliance producers, Miele, signed a five-year lease extension for its 614 sq m space in City Gate South Tower, where the company has a showroom.
“We have been partners with GTC for 8 years and we were grateful for the good collaboration, so the extension of the lease is definitely a reason to celebrate the trustful partnership,” stated Dragos Grigore, Miele Romania.
Also, Keyence, a leading supplier of sensors, measuring systems, laser markers, microscopes, and machine vision systems worldwide, is another company that decided to extend with 5 years the lease for the 380 sq m office spaces occupied in City Gate – South Tower.
Premium Plaza, located in Victoriei Square, also welcomed a new tenant, which signed an agreement for 516 sq m, and will move in February 2022 to their new offices. The company is part of a global healthcare group offering high-quality products and services.
“I am very pleased because not only that we have managed to keep our tenants close, but we have set the basis for what I hope to be strong and long partnerships. I believe these signings are a signal that the market is recovering, and that the companies and their employees are coming back to offices, even if the way we work has changed. Also, for GTC, it is also a sign of renewed tenant interest in healthy and modern class A office spaces, adapted to ESG norms, that respect the environment and ensure a safe working environment for the people, especially in this period. GTC proved again that it is not only a building owner or developer, but a true partner for its tenants and I am grateful to all our Romanian team and partners for this new accomplishment,” stated Ziv Gigi, Managing Director of GTC’s operations Romania.
The fact that the office market is constantly growing, is also shown by the latest global study Deloitte 2022. According to the quoted source, the representatives of the companies in the commercial real estate sector (commercial spaces, business centers and offices, logistics spaces) estimates, in a proportion of 80%, an increase of revenues this year compared to 2021, and 73% expect the intensification of transactions in the field in the next 12 months.