iQuest, a global IT services and solutions provider, leased 1,650 sqm in L1, the first building of the second development phase of Coresi Business Park. Coresi Business Park is one of the most important business centres outside Bucharest, currently counting over 30,000 sqm of Class A office space and targeting to reach 100,000 sqm in the following years.
L1 Building is part of the second phase of Coresi Business Park project development, consisting of three new modern Class A, low-rise office buildings (GF+3F/5F), totalling 21,500 sqm. With a gross built area of 6,500 sqm, L1 Building is planned for delivery in April 2016 and is in the process of obtaining “Very Good” BREEAM rating. Alongside iQuest, the building will also host the offices of Tata Technologies, who leased 3,300 sqm.
“We have seen a growing interest in quality A class workspace, from both local and international companies, reflected in the 100 percent occupancy rate of our offices in Brasov, including the first building of our new development phase, which will be delivered within two months. It is remarkable that a great number of companies who choose to relocate today are targeting A class office spaces, which, besides providing space efficiency and employees’ comfort, also meet all the fire safety standards,” commented Silviu Savin, Partner Ascenta Management, developer of Coresi Business Park Brasov.
For iQuest, the lease of 1,650 sqm in Coresi Business Park represents the relocation of their Brasov offices, scheduled for August 2016. The company has been active in Brasov since 2003. iQuest has software development centres in Cluj-Napoca, Brasov, Sibiu and Craiova and currently employs a team of over 700 employees. Founded in 1998, the group is headquartered in Frankfurt am Main and has local offices in Europe, Asia and the US.
Coresi Business Park is a modern office project, developed on the former Tractorul industrial platform from Brasov. The scheme is one of the major urban regeneration projects in Romania, transforming 12 hectares of the old manufacturing plant into a contemporary business environment. The initial phase of Coresi Business Park consists of approximately 25,000 sqm GLA of unconventional office areas with industrial architectural elements. The restored former industrial buildings provide all the A class office space facilities and host international and local companies such as Raiffeisen Bank, IBM, Fresenius, Freudenberg, CGS, Waters etc. Coresi Business Park has zero vacancy for the existing offices and 100 percent retention rate, most of the tenants already passing through at least one extension process.
Coresi Business Park master plan features a well-balanced mix of industrial halls to office conversions and new built offices, envisioning 100,000 sq m of office GBA within 10 years (2015-2025). In addition to the existing, converted office space, the project features 10 new, modern, low-rise office buildings (GF+3F/4F).