HP Romania extends its lease agreement with Novo Park

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Novo Park Business Park located in Pipera area and owned by Genesis Property, signs the extent of HP Inc. Romania with additional 2.377 sqm, in building A, a press release informs.

“Leasing the additional 2.377 sqm in building A of Novo Park Business Park to the american company HP Inc Romania proves once again how strong the partnership we started 15 years ago is today. With a total 29.000 sqm leased space, we can say that Novo Park represents an avanpost of the american giant HP. We were, we are and we remain fully dedicated to support our tenants in any development phase of their growing businesses”, Liviu Tudor, the president and founder of Genesis Property, stated.

Novo Park_2The contract with HP Inc. is valid as of June 15, 2017 and expires on November 1, 2024.

Novo Park is one of the biggest business parks in Bucharest, developed by Genesis Property and a refference point in Pipera office area.

The park consist of 7 buildings, having a total leasable area of 75,000 sqm superior Class A office spaces. Top international companies have chosen Novo Park due to it’s excellent position (in the northern area of Bucharest) and closeness to Pipera Subway station.

Novo Park hosts international companies such as HP Inc Romania, Hewlett Packard Enterprise, DXC Technologies, Infineon, Yokogawa, Luxoft, Sodexo, Garanti Bank and Unicredit Integrated Business Services Romania, being in the present 100 percent occupied.

Genesis Property is a Romanian real-estate development company which has developed Novo Park and West Gate Business Park, totalizing a leasable area of 150,000 sqm Class A.

Genesis is also the developed of the first privately owned student campus in Romania, West Gate Studios, that has 925 rentable studios.

 

The total investments made by Genesis Property (through Genesis Development) in Romania rises over EUR 400 million.

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