Home | Posts | OFFICE INVESTOR GLOBALWORTH AND EMAG SIGN LARGEST NEW RENTAL CONTRACT IN ROMANIA THIS YEAR

OFFICE INVESTOR GLOBALWORTH AND EMAG SIGN LARGEST NEW RENTAL CONTRACT IN ROMANIA THIS YEAR

Globalworth, the leading office investor in Central and Eastern Europe (CEE), said on Tuesday that it signed an agreement with e-commerce leader eMAG to set up its headquarters in the Globalworth Square building in Bucharest. The deal targets a space of 10,000 sqm GLA and marks the largest new lease contract signed this year in the office real estate landscape in Romania.

The building is part of the Globalworth District in the north of the capital and has a total leasable area of 29,000 sqm spread over 3 underground levels, a ground floor and 15 upper floors, plus 1 tech level, with a typical floor plan of 2,130 sqm. Following the agreement with eMAG, the building reached a 100% occupancy rate.

“eMAG is one of the biggest players in the e-commerce sector and a company that has unlocked so many business verticals from grocery delivery and food delivery from restaurants to a marketplace for selling used phones. To be welcoming them into our business community is an inspiration on so many levels,” said Ema Iftimie, Head of Leasing at Globalworth Romania.

Globalworth Square was completed in 2021 and is the highest-ranked BREEAM Outstanding building in Romania and the third in the world with this green certificate, its owner said.

The deal was facilitated by the real estate consulting company Cushman & Wakefield Echinox, which was represented in the transaction by Monica Vasile, Director Office Agency and Eduard Turcoman, Director Office Agency.

Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM segment of the London Stock Exchange. Managed by over 260 professionals across Cyprus, Guernsey, Poland, and Romania, the combined value of its portfolio reached EUR 3.2 billion on December 31, 2022. In Romania, the real estate investor is present in Bucharest, Timisoara, Constanta, Pitesti, Arad, Oradea, and Targu Mures.

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