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COVID effects on the office market: Renault to sublease part of the Renault Bucharest Connected building

Inaugurated a year ago, Renault's headquarters, Renault Bucharest Connected, which brings together all the divisions of the Renault Group in Romania, has become too big for the company in the context of COVID.

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SMEs in Romania can save up to 100,000 euros annually, by digitizing marketing and sales services

Romanian companies are 20% automated, well below the European average, and the solution consists of a digitization product accessible to SMEs

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Tenant experience brought up to next level

Vincent Vallois MRICS, Co-Founder of Online Real Assets – CEE Partner of Spaceflow tenant experience application – sees the market from a new perspective. Online Real Assets has just launched Spaceflow in Romania and they see great potential and momentum for a space-as-service transition of the commercial real estate market.

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Tenants

Date Business Center Tenant m2 Agency
2020 Q3 Global City Business Park Altex n/a Crosspoint Real Estate
2020 Q2 THE LIGHT ONE CTP n/a Sema Parc SA
2020 Q2 Paris CIT One 1000 Sema Parc SA
2020 Q1 Țiriac Tower Novo Nordisk 580 CBRE

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