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Ericsson expands by 4,000 sqm the office spaces within West Gate

The Romanian branch of Swedish telecommunication producer Ericsson announced it expanded by 4,000 sqm the office area within Western Bucharest-based West Gate office complex owned by Genesis Development, represented by Romanian businessman Liviu Tudor

2014-06-07 22:25:43 - From the Print Edition

Following the expansion, Ericsson has now offices occupying 16,000 sqm, under contract until 2019. Ericcson rented 4,000 sqm of office spaces in 2008, when it relocated to West Gate and during the ensuing years, the company spread its operations to cover three of the five buildings in the business park. Ericsson consolidates the rented area on six levels within two of the buildings where it runs activities. Also, due to the latest contract, the occupancy rate of West Gate reached 96 per cent. Other major expansions were undertaken by Societe Generale, from 2,500 to 5,000 sqm, and BPO-provider WNS, from 1,500 to 4,000 sqm office spaces.
The business park tenant portfolio also includes companies such as Dacia Renault, Siemens, Accenture, PPD (Pharmaceutical Product Development), Panasonic, Citibank, Alpha Bank, Carestream Health and Medicover.



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