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Thales becomes the largest tenant of Orhideea Towers

Thales has leased another 5,300 sq m in Orhideea Towers office complex in the Centre-West area of Bucharest, thus doubling the area occupied in the project owned by CA Immo.

The real estate consultancy company JLL advised Thales in the process of identifying the best extension options and in negotiating the contract.

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„Thales becomes the largest tenant of Orhideea Towers, with almost 11,000 square meters of office space, respectively 30% of the area of the building. This is the second phase of our partnership with Thales, the first phase materializing last year by representing them in the relocation transaction in 5,300 sqm of offices in Orhideea Towers. We were able to identify for Thales a flexible solution that would allow them to further expand their operations in Romania”, said Maria Florea, Key Client Director JLL Romania.

The Center-West area of Bucharest is one of the most dynamic office sub-markets in Romania. Many companies that are interested in Bucharest office market, consider this area due to the multiple public transportation solutions, the proximity of the largest university campus in Romania and the engineering and IT faculties.

The total office stock in the West Center reached over 416,600 square meters, 14% of Bucharest total stock, another 57,000 square meters being planned for completion by the end of next year.

Thales has relocated to Orhideea Towers at the end of last year from Riverplace (Riverview House), also owned by CA Immo. Currently, more than 550 specialists work in the company, and the plans are aimed at reaching the figure of 1,000 engineering specialists by 2021.

Orchidea Towers is located in the west-central part of Bucharest, in the newest office pole of the city. The project has a total rentable area of about 36,500 square meters and includes two “H” shaped towers, connected by a glazed bridge, having areas between 1,200 sqm and 2,600 sqm per level. The building is LEED Platinum certified.

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