In a transaction closed by The Advisers/Knight Frank consultants in November, the automotive company took on a new space for their operations in Bucharest, with a total surface of 400 sq m on the 9th floor of Global City (51,000 sq m GLA), located in Pipera area.
Catalin Stan, Consultant Office Division, The Advisers/Knight Frank: „A significant upgrade in specification and an optimal ratio between rent level and quality standards were the key factors in the process of identifying a representative office space for our client.”
Pipera submarket hosts the headquarters of other companies in the automotive industry such as Ford, Porsche Romania and Renault Technologie Roumanie. The automotive sector has recorded approximately 8.5% of the total take-up in Bucharest up to the present moment this year, a significant increase compared to last years.
Active on the Romanian market for 8 years, Honda Trading Romania, part of the Honda Trading Group, delivered so far over 5,200 car units on the local market. Founded in 1948, Honda is currently worldwide leader in the motorised equipment manufacturing, offering a vast range of products and technologies, while constantly caring for the environment.
The relocation process of the company in the new office space is estimated to be finalized in January 2015.
The Advisers, the associate office of Knight Frank in Romania, offers integrated real estate consultancy services and valuations, both at a strategic and at a commercial level. Founded in 2009, the company has been market leader on the office segment for the past 5 years. The company was awarded CIJ Best Real Estate Agency of the Year in 2009-2012, CIJ Office Agency of the Year in 2013 and 2014, and Office Agency of the Year 2012 and 2013 at the EuropaProperty SEE Awards.
Founded in 1896 in London, Knight Frank LLP is the biggest privately owned global company which offers real estate consultancy, transactional services and project administration services. Headquartered in London and New York, the company is present in over 40 countries through 335 local offices. (source: The Advisers/Knight Frank)