C&W Echinox takes over the management of Floreasca Park office project in Bucharest

The real estate consulting company Cushman & Wakefield Echinox has been appointed to manage Floreasca Park office project located in the Floreasca – Barbu Vacarescu area in the north of Bucharest, the largest business hub in the Capital.

Cushman & Wakefield Echinox will have responsibilities in the management of the daily administrative-operational activity within the project, through a team of specialists both on-site and at the headquarters, coordinated by Mihaela Petruescu, Partner Asset Services.

With a leasable area of ​​39,350 square meters and tenants such as Oracle, Kellogg’s, BASF, Saint-Gobain or Ursus Breweries, Floreasca Park was completed at the end of 2013 by Portland Trust. During this year, following a transaction mediated by Cushman & Wakefield Echinox, Resolution Property and Zeus Capital Management acquired Floreasca Park from a fund managed by GLL Real Estate Partners GMBH (member of the Macquarie Group).

The project is located in the Floreasca – Barbu Vacarescu area, considered the “New CBD” (Central Business District) of the Capital, given that a number of the largest companies in Romania have established their headquarters in modern offices with an area of ​​520,000 square meters built in the area.