West Gate extends the lease agreement with Siemens for another 5 years


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West Gate office park, owned by Genesis Property, extends the lease agreement with Siemens, for another 5 years, a press release informs.

Moreover, the business park located on the western side of Bucharest, added 700 sqm to the existing lease contract with the German-based company, reaching a total of almost 5,500 sqm.

West Gate is hosting Siemens since 2008, and the recently signed contract will enter into force in December 2018.

“We are proud that a company such Siemens chose to remain our tenant by 2023. A 15-year contract in the same location is not very common in real estate,” Liviu Tudor, chairman and founder of Genesis Development stated.

West Gate Offices has five buildings with 15.000 sqm rentable area per building of high quality Class A offices and ancillary accommodation. The complex offers a combination of business, accommodation, parking spaces, leisure and medical facilities.

Among the companies based in West Gate there are such names as Societe Generale European Business Services, Dacia Renault, Ericsson, WNS, Citi, Accenture, Panasonic, Alpha Bank, Carestream Health and Medicover.

Recently, Genesis Property announced a premiere on the local office market, namely a outdoor pool with running track and roller blading, for which the developer comes with investments of EUR 1.5 million.

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