Immofinanz, Austrian real estate investor announced several new partnerships and extensions of agreements with tenants in the local office sector, accounting for a total of over 21,000 sqm. The company has prolonged and extended existing contracts for over 19,000 sqm and has attracted new tenants for about 2,400 sqm in five of its class A office properties in Bucharest.
“2015 has certainly been a busy year for Immofinanz in Romania. While we continue to develop new premium office properties, such as Metroffice, we are very happy to see how high the demand for our existing properties continues to be. The extension of many lease agreements, as well as the new tenants joining us, demonstrate that our strategy of consistently putting the needs of our clients first and building long-term relationships with them will always pay off,” said Sorin Visoianu, country manager office & logistics for Romania and Bulgaria at Immofinanz.
Among the company’s new tenants are Grupul Media Camina (Radio Zu and Radio Romantic), ProCredit Bank, Hafele Romania, Real Velarde (bringing CrossFit to Bucharest) and Best Chef.
Among long standing partnerships that will continue, Immofinanz counts Siveco Romania with 5,500 sqm and KPMG with 6,400 sqm in Victoria Park, B.Braun, a long-term tenant from LOG.IQ Timisoara, has now signed a 5 year contract for 450 sqm in S-Park, the building also hosting Grundfos Pompe Romania (630 sqm) and SkyConsult Ro (530 sqm). Several existing tenants have also prolonged and/or extended their lease agreements in Iride: Terapia Ranbaxy (2,000 sqm), Ropharma (975 sqm), Telekom Romania (1,200 sqm), Regina Maria (275 sqm), Alcon (650 sqm) and Wolf Theiss (1,200 sqm).
Immofinanz is a commercial real estate company whose activities are currently focused on the retail, office and logistics segments of eight core markets in Europe: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Moscow. The core business includes the management and development of properties. The company has a real estate portfolio of some EUR 6.6 billion that covers more than 440 properties.