Michelin and Euromaster signed for new office spaces in Global City Business Park, owned by Global Finance in Pipera. Through signing these new contracts, the occupancy rate of the office buildings is heading towards 60%. The two companies will move in their new offices starting 1st of August, and the number of people working in the two buildings of the complex will soon reach 2,400. Michelin has signed a lease for 3,450 sq. m, while Euromaster rented 550 sq. m. „Both contracts have been signed for five years period, and the negotiations extended during four months. Those partnerships come in a favourable period for us – in the first part of the year, two of our biggest tenants, Coca-Cola HBC and Total Soft", has declared Ivana Bozjak, Partener and Head of Real Estate for Global Finance. Currently, Global City Business Park has 26 tenants and the biggest office area is occupied by companies such as Coca-Cola HBC România, Total Soft, Call Point, Euroins, Ford, Cycle, ICAP, Global Finance, Daewoo and Monsanto. Situated in the Northern Bucharest, Global City Business Park has 56,000 built area and a total A class rentable area of 51,000 sq. m in two buildings. The project includes two underground levels with 844 parking places, supplementing those in the exterior. The project was launched in October 2007 and was completed in February 2010. (source: economica.net)