LG Electronics România, the most recent tenant in myhive S-Park office building

CPI Property Group, one of the largest owners of income-generating real estate in Europe, has signed a lease agreement with LG Electronics Romania, for a period of 5 years – starting with the first quarter of 2024 – for an area of approximately 1,400 square meters, in the myhive S-Park office building. The leased space will be the local headquarters of LG Electronics Romania.

“It is a joy for us to expand our tenant portfolio with LG Electronics Romania and we are proud to be able to offer our partners office spaces that reflect our commitment to perfection. I strongly believe that myhive S-Park will perfectly fit the requirements and needs of LG Electronics Romania team, and in their new home they will be able to enjoy all the facilities offered by this unique project”, states Fulga Dinu, Country Manager, CPI Romania.

myhive S-Park is the flagship building of the local myhive portfolio, being in the northern area of Bucharest, near Presei Libere Square and Herastrau Park. The building has a modern design, a leasable area of 34,300 square meters and offers various services and facilities designed to support the way of working specific to the post-pandemic period: conference centre with fully equipped rooms of various sizes; generous underground parking; varied infrastructure including a restaurant, cafés, a flower and chocolate shop, a beauty salon, charging stations for electric cars, bicycle parking spaces, locker rooms, and showers, etc. Moreover, the building includes mycowork – the flexible myhive offices, and is BREEAM Excellent and Access4You certified.

“The new economic context changed the business environment and operational processes. We chose myhive S-Park for the new local headquarters of LG Electronics Romania because we wanted a change of perspective and a location perfectly adapted to the current work style. The space gives us the opportunity to optimize the workflow between departments and build a modern showroom, where we can present the latest LG products to our partners,” declares Sorin Spinu, Managing Director, LG Electronics Romania.

Read more about

Cushman & Wakefield Echinox now manages CPI Romania’s Expo Business Park office project in Bucharest

read more

This transaction was intermediated by SVN Romania.

“LG Electronics Romania’s decision came naturally, taking into account the high level of efficiency of the building, itsmultiple facilities and services, as well as the green areas, both within the project and in its proximity. The office market is in a period characterized by a very low level of new deliveries, while Presei Libere Square is one of the areas of interest, with a three time increase in the traded area in the first nine months of 2023 compared to the entire year 2022.” said Catalin Stan, Associate Director | Office Division, SVN.