Global City Business Park, one of the major office projects in the Pipera area, owned by the Global Finance investment fund, announces further investments in facilities for tenants. In the next period, Global City Business Park will start a series of works for the paving of the outdoor parking lot, as well as the access roads from the sides of the buildings. It is also planning a refurbishment of the green spaces.
New facilities could also be opened, the main objective being to provide comprehensive services in order to increase the comfort of the 2,400 employees working in Global City Business Park, as well as increasing the interest of other potential clients.
Besides that, Global City Business Park is currently in the process of obtaining the LEED green building certification. The pre-assessment process has already been finalized and the implementation procedure is to be determined. The LEED green building certification will therefore be granted in the following 12 – 18 months.
The tenants in Global City Business Park value the quality of the services and facilities that it offers. An important aspect for them is the existence of an extended space of 4,000 square meters for retail, where they currently have access to a self service restaurant, a business lounge, a coffee shop, a beauty salon, a pharmacy, two ATMs and an Inmedio store.
Moreover, the transportation to Global City Business Park with a shuttle bus from the Pipera subway station is also important for tenants.
Regarding other benefits, the building’s superior technical specifications, the efficiency and flexibility of the rental space, which can be arranged according to customer needs, with a very good occupancy ratio, are issues that are also very important. The quality-price ratio and the low maintenance costs, compared to other similar projects, are other two aspects that clients take into account.
Situated in the Northern area of Bucharest, Global City has a built surface of 56,000 sqm and a total class A rental space of 51,000 sqm spread over two buildings. Moreover, the project has an underground area of 28,000 sqm, where 844 parking spaces can be found, in addition to those existing outside. The project started in October 2007 and was fully completed in February 2010.
Global Finance, founded in Athens in 1991, is an independent investment firm that has pioneered private equity and venture capital in the region and has established an exceptional investment track record. Global Finance’s operations consist of private equity fund management, real estate development and advisory services covering South-Eastern Europe.
In 2005 Global Finance entered the real estate market targeting property investments in Romania, Bulgaria and Serbia. Global Finance has offices in Athens, Sofia, Bucharest and Belgrade.
Global Finance is one of the European private equity industry’s most experienced firms, having completed more than 80 investments in 11 countries in diverse economic and political environments. The company established its presence in Romania in 1996, and has since made investments in various sectors such as pharmaceuticals, technology, telecoms, food retail, recycling, insurance and real estate.
