Globalworth to develop new headquarters for Groupe Renault Romania

Globalworth Real Estate Investments announces the acquisition of a 57,000 sqm land plot previously owned by Coca-Cola HBC Romania and the development of Groupe Renault Romania's new headquarters in Bucharest.

2017-07-12 11:32:20

On development completion (expected in Q1 2019), Groupe Renault will occupy the entire development spanning over 47,000 sqm for a minimum term of 11 years. This is the largest leasing transaction ever recorded in the Bucharest office market.

Groupe Renault′s new headquarters will be located in western Bucharest, next to Preciziei Metro Station. This is the second tenancy that Globalworth has signed with Groupe Renault Romania following the recently completed acquisition of Dacia′s main distribution facility near its Movieni factory. As a result of this transaction, Groupe Renault Romania will become Globalworth's largest tenant.

Yves Caracatzanis, Groupe Renault Romania Managing Director, said: "Our new single location in Bucharest already has a name, chosen by our employees: Renault Bucharest Connected. For the first time since the Groupe Renault started developing its business in the capital, more than 3,000 employees, dozens of teams, hundreds of professions shall be located on the same site and will be able to work even better together. For us, Renault Bucharest Connected is not only a real estate project, but a management project dedicated to our colleagues, for better team work, improved working conditions and efficiency. The creation of collaborative, friendly work spaces, the proximity to the public transit facilities, as well as easy access to the Technical Center Titu and to the industrial site of Mioveni are other goals of the new project."