Business Forum • 12 November, 2024 at 9:50 AM
Evo Properties, the owner of London & Oslo office buildings in Western Bucharest, has reached a 50% lease rate this year and aims to reach an occupancy rate of 85% by the end of 2025. At the same time, it continues to transform the project into a mixed-use hub that will include a premium hotel.
The new 4-star hotel is planned to open by the end of 2025. The landlord did not mention the brand or the management agreement for the hotel.
Evo Properties is investing over €10 million in the reconversion of the office buildings that have a leasable area of 31,524 sqm.
By the end of 2025, over 31,000 sqm will be reallocated according to the new functionalities, of which around 50%-60% of the leasable area will be dedicated to offices, 20-25% will host hospitality services and 10-15% will be allocated to medical and well-being services.
IT services provider IT HIT, engineering firm Endress+Hauser Romania and medical company Stryker have been among the first tenants attracted by Evo Properties in the project.
“We are excited to transform these iconic buildings into a vibrant and dynamic ecosystem where people can work, relax, and connect,” says Anamaria Crețu, Leasing Director of Evo Properties.
The project also hosts a cultural centre, while a new coffee shop is slated to open at the end of 2024.