Business Forum • 2 July, 2024 at 3:03 PM
In the first months of 2024, three contracts for office and service spaces were signed in Dageco Expozitiei Estate. According to the new transactions, on the ground floor of the main building, a restaurant with an event hall will be opened, with a total area of 1,459 sqm, the educational unit on the premises will expand by 1,500 sqm, and the car showroom will double its current area.
In the Dageco Estate Exhibition, the multi-brand showroom in the northern area of the Capital is configured, due to the expansion of partnerships with Stellantis and Suzuki, multinational corporations producing cars and motorcycles. In addition to the current Citroën and Suzuki brands, the Opel, Peugeot and DS brands, the group's premium division will also be sold in the enlarged exhibition space.
"Through this strategic development and using the experience of over 30 years in the automotive industry, Dageco Invest expands its portfolio of Suzuki and Citroën after-sales products and services with the brands: Peugeot, Opel and DS Automobiles. This new leased area will allow us to offer customers a unique experience, in a special environment," says Cristian Guță, General Manager of Dageco Invest.
The Dageco Expozitiei Estate project has a total area of over 30,000 sqm, with four mixed-use buildings and a generous parking lot of 500 spaces. The main building accommodates modern offices, with a total area of 13,800 sqm and commercial spaces on the ground floor.
"Among the advantages of the location are the large number of parking spaces, the flexibility of the owner and the generous area of the space, in the proximity of a premium residential area, in full development and the future Expozitiei metro station. Dageco Expozitiei Estate is a mixed-use project, with generous modern office spaces and a high-class service hub – restaurant, café, kindergarten and showroom," says Nicolae Ciobanu Managing Partner - Head of Advisory at Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance, the company that has an exclusive mandate to lease this project.
The Expozitiei Area, a mixed-use hub
The Exhibition area is developing spectacularly, as a result of the construction works at the metro station that bears the same name, Expozitiei, on the future Gara de Nord-Otopeni line. Companies' interest has returned to this area also because of this.
In Expozitiei area, the existing functions of offices, exhibition spaces, hotels, educational and residential units are being completed with new developments, which include service and retail spaces.
The Exhibition Area is an important mixed-use hub, which offers all urban facilities, including proximity to the largest park in Bucharest, Herastrau Park.
Increase in office rentals in this area
In the first quarter of 2024, in the area of the Exhibition – House of the Free Press, in the North of Bucharest, nine office space lease contracts were concluded, with a total area of 12,713 sqm, a volume double the quarterly average of 2023 and 12% of the total area of leased spaces in Bucharest in the first quarter of 2024. The new office tenants in the Expozitiei area come from the IT&C, Professional Services and FMGC, Pharma and Energy.
Starting this year, work is underway on the future Expozitiei metro station, which is located just 300 meters away from the Dageco Expozitiei Estate project, next to the Romexpo exhibition complex. The M6 metro line will connect this area to the city center and the North Station area, but also directly to Henri Coandă International Airport.