The PPF Real Estate Romanian assets currently comprise two class A office buildings located in the center of Bucharest – Crystal Tower and Metropolis Center, with a total leasable area of 35,000 sqm. In her new role, Mirela Ciovica will be managing and supporting PPF Real Estate’s existing tenants and being responsible for developing new business.
“We are pleased to have Mirela on board at PPF Real Estate. Her solid experience in the office market coupled with the strength and expertise of our group will surely be a winning combination moving forward. She will support our high ambitions in Romania,” states Juraj Šaštinský, Investment Director, PPF Real Estate.
Having coordinated the corporate accounts and new business and foreign markets at Knight Frank, Mirela Ciovică brings nearly ten years of experience in commercial real estate, focusing on the office market.
“I am thrilled to join PPF Real Estate, one of the leading real estate investors in Europe and the US and support their local business development plans. My primary focus will be on managing and expanding the tenant portfolio within our two class A office buildings in the heart of Bucharest city,” added Mirela Ciovică, Romania Head of Leasing, PPF Real Estate.
Crystal Tower, a class A office building in the central business district of Bucharest, is the country’s first non-government property featuring its own heliport. The tower also offers spectacular city views. The office building has a total leasing space of approx. 16,000 sqm, and currently hosts the headquarters of multinationals such as Reckitt Benkiser, Editec, or Ceetrus.
Metropolis Center, considered a landmark of Bucharest due to its unique architectural design and location, offers 19,000 sqm of office and retail spaces. It is currently housing mainly multinational tenants such as the European Bank for Reconstruction and Development (EBRD), Parexel, DLA Piper, Boehringer Ingelheim, Queisser Pharma or Mega Image.
Part of PPF Group, PPF Real Estate entered Romania in 2016 with the first real estate investment on the class A office market, Metropolis Center. In 2018, it followed with the acquisition of Crystal Tower. PPF Real Estate currently provides comprehensive services for more than 25 projects, and the value of assets under management is exceeding EUR 2 billion. The company operates in the Czech Republic, Russia, the Netherlands, Germany, UK, Romania and the USA. In all its markets, PPF Real Estate is or strives be one of the largest real estate investors.
About PPF Real Estate
Part of PPF Group, PPF Real Estate manages assets exceeding 2 billion EUR in the real estate markets in Europe, Russian Federation, and the USA. The company is present in all segments of the property market, ranging from land acquisition and development construction, facility management, to real estate private equity and asset management. Its mission is to create value by investing in and managing properties while expanding its portfolio in the real estate sector. In Romania, the company owns and operates two class A office buildings located in the center of Bucharest – Crystal Tower and Metropolis Center, with a total leasable area of 35,000 sqm.
About PPF Group
PPF Group invests in multiple market segments including financial services, telecommunications, media, biotechnology, real estate, and mechanical engineering. PPF Group’s growth rests on the development of traditional and new industries, building modern infrastructure, the digital economy, and linking up Czech talent and capabilities with global opportunities. PPF Group’s reach spans from Europe to North America and across Asia. The Group operates in 25 countries and owns assets worth EUR 44 billion, and employs 98,000 people globally (as of 30 June 2020). (source: PPF Real Estate)