The office building operator Globalworth Real Estate Investments Ltd develops a new center for Groupe Renault Romania in Bucharest through Elgan Offices SRL, the company owned by Globalworth and Elgan Group, as a result of the acquisition of a field of 57,000 sqm previously owned by Coca-Cola HBC Romania.

According to estimations, the project will be completed in the first quarter of 2019. Groupe Renault will have a surface of 47,000 sqm and will be leased for a period of at least 11 years.

“This is a landmark transaction for Globalworth. We are honored to develop a strong and long-term relationship with Groupe Renault Romania,” said Dimitris Raptis, deputy chief executive officer and chief investment officer at Globalworth.

“For the first time since Groupe Renault started developing its activity in Bucharest, more than 3,000 employees, tens of teams and hundred of professions will be on the same place and will work better together. The creation of collaborative, friendly work spaces, the proximity to public transportation and the easy access to Technical Center Titu and to the industrial platform in Mioveni are other objectives of the new project,” said Yves Caracatzanis, managing director Groupe Renault Romania.

The new center of Groupe Renault will be in the western part of Bucharest and is the second rental project closed between Globalworth and Groupe Renault Romania, following the acquisition of the main distribution facility of Dacia, next to Mioveni factory.