JLL named property manager of Swan Office & Technology Park

Newsroom 06/01/2017 | 14:38

Real estate consultancy firm JLL will be the property and asset manager of Swan Office & Technology Park, the insolvent office project that was acquired last year by Smartown Investments for EUR 30.3 million from insolvency administrator CITR.

The office park was developed by Chayton Capital LLP, following an investment of over EUR 50 million. The project, which has 29,124 square meters of office and commercial spaces, went under administration in March 2013.

Mariana Stamate, head of Property Management Department for JLL Romania, said this is the second contract won by the firm’s property management department in the last four months.

“With this contract, the managed portfolio of the JLL in Romania grew at more than 200.000 sqm,” said Stamate. The company manages nine industrial projects, but also Colosseum Retail Park, Liberty Center and Green Gate office building.

Swan Office & Technology Park comprises three buildings and has among its tenants online fashion retailer Fashion Days and German car maker Mercedes-Benz.