Oil and gas company Rompetrol has leased six floors in the north tower of the City Gate office building in Bucharest, to where it plans to relocate departments which are currently headquartered in 10 different locations. The firm will occupy 9,300 sqm in the building, according to CBRE Eurisko, which intermediated the lease. The move brings the occupancy of the north tower in City Gate to 100 percent. “Rompetrol’s relocation to the building, joining Romtelecom, Millennium Bank, AutoItalia and Microsoft, confirms the market trend to reposition the Central Business District (CBD) to the north of the capital. The fact that 2010 has started with such an important transaction cannot be but a positive sign for the Bucharest office market,” said Victor Rachita, account manager with CBRE Eurisko. Rompetrol will move to the new site in April this year.
The City Gate office complex was developed by Globe Trade Center (GTC), which also built Europe House and America House in Bucharest, both of which it sold. The site is made up of two 18-floor towers with a leasing area of 43,000 sqm. The office complex was completed in fall last year.