EMEA Office Fit Out Cost Guide 2024
Bucharest, September 2023: Oregon Park, one of the largest and most sustainable office projects in Romania, owned by the Lion’s Head investment fund, achieved the Well Health & Safety certification, granted by The International WELL Building Institute (IWBI). The certification recognizes the implementation of measures that ensure a work environment with a positive impact over the health and well-being of employees.
The certification process was coordinated by Cushman & Wakefield Echinox’s Project Management department.
Andrei Ianculescu, Head of Project Management Cushman & Wakefield Echinox: “The WELL Health-Safety standard is the newest building assessment system introduced by the International WELL Building Institute (IWBI) which overlooks the implementation of measures that improve the conditions offered by office spaces in terms of air quality, water, lightning, thermal comfort, sound, used materials, community actions and initiatives, etc. Through this project, Oregon Park provides office spaces which help tenants attract and retain talent within the company while also creating an environment conducive to increased productivity. Moreover, by implementing this project, Lion’s Head has also aimed to enhance the overall ESG performance of the office complex.”
Oregon Park is a premium A – class office project consisting of three 6-floor buildings which provide more than 70,000 sq. m of modern office spaces surrounded by an attractively landscaped land plot of nearly 4 ha. It is located in the Floreasca – Barbu Vacarescu office submarket, one of the most prestigious business hubs in Bucharest, which has constantly attracted a series of international blue – chip tenants.
The project owned by Lion’s Head has made a genuine commitment to sustainability through the use of Zero Carbon technologies, energy efficient building systems and recyclable materials.
Alina Necula, Country Manager România Lion’s Head: „Lion’s Head’s recent experience has transformed its regional and local strategies through Oregon Park, evolving from being a provider of spaces to becoming a provider of services for our partners, whom we do not consider as simply customers. Achieving the WELL standard is the confirmation of this direction, signifying that we no longer offer traditional desk and chair spaces but instead provide an intelligent and efficient mix of services and technologies tailored to the needs of those operating within our buildings. This includes creating and maintaining a strong community, fostering business opportunities and networking, and offering multifunctional spaces.”
Cushman & Wakefield Echinox’s Project Management department provides a wide range of construction services, namely the management, coordination, and supervision of fit-out projects (office, retail, residential, mixed-use, industrial and logistics) together with the design team, consultants and entrepreneurs for all the main stages of the project.
In recent years, the needs of both tenants and landlords have significantly evolved, with an increasing emphasis on building certifications according to different standards such as Health and Safety, BREEAM, LEED or WELL. In this regard, the Project Management department has offered consultancy services for achieving these certifications related to both office projects and industrial parks.
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.
Cushman & Wakefield, one of the global leaders in commercial real estate services, with 52,000 employees in over 60 countries and $ 10.1 billion in revenue, provides asset and investment management consulting services, capital markets, leasing, properties administration, tenant representation. For more information, visit www.cushmanwakefield.com
Lion’s Head is the owner and manager of quality and sustainable income producing commercial properties in Central and Eastern Europe. The company focuses on prime offices with international blue-chip tenants. It is backed by Old Mutual Group, the largest South African insurer, and AG Capital, a leading group of real estate companies in the region.
In Romania, Lion’s Head is the owner and manager of Oregon Park a premium Class A business park comprising of three 7-storey buildings which offers 75,000 sqm of contemporary office space. By committing to excellence, Oregon Park managed to attract multiple high profile tenants, including Fortune 500 companies and won the prestigious SEE Real Estate award “Best Office Project 2019”. For more information, visit www.oregon-park.ro.
