Entrepreneurs Dragoș and Adrian Pavăl, owners of Dedeman, have bought the Ethos House office building in the Floreasca district of Bucharest from Greek businessman Anastasios Gkotsis. The transaction is estimated at EUR 24-25 million.

Anastasios Gkotsis built the Ethos House office building in the Floreasca area in 2014, following an investment of about EUR 8 million. Companies such as Arval, BNP Paribas Cardif, Forte Partners, Crosspoint Real Estate and the French Chamber of Commerce, Industry and Agriculture in Romania are headquartered here.

The building has a leasable area of ​​about 8,000 square meters distributed on the ground floor and seven floors above ground.

Source: Profit.ro

Vastint Romania has concluded a new lease agreement with Tchibo Brands Romania, which is relocating its headquarters to Business Garden Bucharest, Building A, 4th floor, occupying a space of 1,130 sqm.

Tchibo entered the Romanian market in 1997, when the first coffee imports were made. Since then, Tchibo products have become an essential element in the shopping cart of Romanian consumers, the company becoming one of the main players in the local coffee market.

“Considering that sustainability is an essential pillar of our identity, and our efforts in this direction have been repeatedly recognized through various distinctions, it gives us great pleasure to announce the move to a new space – Business Garden Bucharest. This office project fully complies with ESG criteria, reflecting our values. The new headquarters offers us the opportunity to expand our team and continue to deliver coffee experiences at the highest level to our consumers, in which tradition and joy are harmoniously intertwined”, said Marian Ene, General Manager Tchibo Brands Romania & Bulgaria.

The rental transaction was facilitated by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate alliance.

“Tchibo, in the process of relocating its headquarters and consolidating its business with a new IT&C division, was looking for a state-of-the-art office building that would comply with ESG criteria and would have as many facilities as possible. Business Garden Bucharest meets all these conditions and, in addition, is owned by an experienced international developer, which also represents a guarantee. For this reason, the tenant signed a contract for a very long period”, says Nicolae Ciobanu, Managing Partner – Head of Advisory, Fortim Trusted Advisors, member of the BNP Paribas Real Estate alliance.

“We are pleased to see that our investments in green buildings are appreciated by the most important international players, active in all business areas, which is reflected in the very diversified portfolio of tenants we have attracted in the last year. Among the elements that contribute to the attractiveness of our projects is the extensive range of activities, services and facilities dedicated to employees – from sports fields and recurring internal events, to an in-house radio station and an interesting mix of retailers”, said Sorin Macoveiu, Commercial Director of Vastint Romania.