The real estate consultancy company Cushman & Wakefield Echinox was appointed to manage One Victoriei Center office building in Bucharest (former Bucharest Corporate Center), a representative business center located in the business center area of the Capital (CBD).
Cushman & Wakefield Echinox will be responsible for managing the day-to-day operations of the building through a team of specialists both on-site and at the company’s headquarters, coordinated by Mihaela Petruescu, Head of Asset Services.
One Victoriei Center is a building located at the intersection of Buzesti and Gheorghe Polizu streets, in Piata Victoriei, with a leasable area of approximately 12,000 square meters distributed on the ground floor and 13 floors above ground, being one of the emblematic buildings in the capital’s CBD, formerly being the headquarters of companies such as Generali or IBM. The building, part of the One United Properties portfolio, has attracted new tenants, such as BRD or Food Panda.
The CBD area recorded a 4.6% vacancy rate for office spaces at the end of 2018, a figure below the Bucharest average of 8.6%, being one of the areas with the lowest availability rates in the capital city.