Siemens Energy signs lease for 7,500 sqm of office space at One Cotroceni Park phase 2

Siemens Energy, one of the world’s leading energy technology companies, signs a lease of 7,500 square meters of office space at One Cotroceni Park phase 2 developed by One United Properties. The lease of the space is due for 10 years, and the transaction was brokered by JLL Romania.

With its portfolio of products, solutions and services, Siemens Energy covers the entire energy value chain – from power generation and transmission to storage and new energy business fields, like hydrogen. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world.

“Siemens Energy has been an independent, listed company since 2020. As a company we are shaping the energy transition and using our technology and partnerships to bring reliable, affordable and secure energy to the world. Romania is moving forward with its energy transition to create a low carbon grid and reach net-zero targets by 2050. Romania aims to increase national use of renewable energy sources like wind, solar and hydrogen to 30.7% by 2030 and over time plans to reduce reliance on carbon emitting oil and gas. Romania is an attractive market for Siemens Energy and this expansion of Siemens Energy in Romania will bring benefits to the local economy through job creation and supply chain opportunities”, says Antonia-Denisa Efron, Siemens Energy Romania Representative.

One Cotroceni Park is developed on the site of the former Ventilatorul platform, on an area of 5.8 hectares. It is positioned in one of the most highly regarded residential areas and the most dynamic business hub currently developing in Bucharest. At the beginning of this year, the developer One United Properties has already marked the handover for Phase 1 of One Cotroceni Park, an office and commercial building, with a gross leasable area (GLA) of 46,000 sqm. Phase 2 with a gross leasable area of 35,000 sqm, also under development, will be delivered in 2022.