EMEA Office Fit Out Cost Guide 2024
Bucharest, January 2024: Securitas, a global leader in security services, relocated its offices in Romania to @Expo office complex developed by Atenor in the Expozitiei area of Bucharest, in a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company.
The company occupies a 1,250 sq. m space in @Expo, one of the most recently completed office projects in Bucharest, located in a developing business area of the city.
Alin Obretin, Senior Consultant Office Agency at Cushman & Wakefield Echinox: “This contract reflects the most significant trends which we have recently noticed in the office market, namely the consolidation of businesses and, at the same time, the relocation to newer buildings with premium technical, technological and, most importantly, sustainable specifications. Together with our client, Securitas, we have been able to identify the best solution to help them continue the expansion of their business in Romania.”
@Expo, situated on the Expozitiei Blvd., is owned by the Belgian group Atenor and has a leasable area of 49,000 sq. m of office and retail spaces, making it one of the largest office projects in Bucharest. Strategically located in the northern part of Bucharest, providing easy accessibility and high visibility, @Expo is well-connected to public and road transportation networks.
Securitas operates in 44 markets, combining specialized guarding services with world-class technology. The company has three business segments: Securitas North America, Securitas Europe and Securitas Ibero-America, with operations in Africa, the Middle East, Asia and Australia – AMEA division.
Securitas has been listed on the Stockholm Stock Exchange (or ‘Nasdaq Stockholm’) since 1991.
In Romania, the company is present through Securitas Services Romania and currently has 2,400 employees. Leveraging cutting-edge technology and the expertise of security specialists, the company provides a comprehensive range of security services and solutions.
Dragoș Mărăcine, General Manager of Securitas Romania: “Looking towards the future, we aim to strengthen our position in the security industry through continuous innovation and a commitment to operational excellence. This move is not only about physical spaces, but also about opening new horizons for our future projects. We are determined to make significant contributions to the industry in order to maintain our leadership in an ever-changing landscape.”
Cushman & Wakefield Echinox is a leading real estate company on the local market and the exclusive affiliate of Cushman & Wakefield in Romania, owned and operated independently, with a team of over 80 professionals and collaborators offering a full range of services to investors, developers, owners and tenants. The Cushman & Wakefield Echinox Office Agency brokered leasing transactions totaling approximately 112,000 sq. m throughout 2023, in Bucharest and in the main cities across the country, consolidating its leader position on the leasing market.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit www.cushmanwakefield.com.
