CA Immo extends the contract for ING Bank in Opera Center I project
CA Immo has extended the leases for the ING Bank branch in Opera Center I, part of Opera Center project, an established office landmark located in the center of Bucharest. This represents the longest lease contract for an ING Bank branch in a modern building in Romania.
Active since 1994 on the Romanian market, ING Bank is currently the fourth bank in the local markets, based on the assets and is a universal bank with 1.6 million clients. ING Bank has a hybrid service model where day to day operations are covered by the internet banking applications for all type of clients, while those more complex products or solutions are addressed by expert consultants within the ING Office network. As such, on average, retail clients access ING Home’Bank once per day, while they cross an ING Office door once per year, but for those important moments with the bank.
“Opera Center has increased its value, becoming an established landmark and an office sub-market itself. An important advantage is the development of public infrastructure, especially the recent inauguration of the Metro Line 5, which serves more than 150,000 residents. From universities and leisure options to public administrations and hospitals, all are available within 3 km”, said Marian Roman, Managing Director of CA Immo Real Estate Management Romania.
The ING Bank branch occupies a surface of 400 sqm on the ground floor of Opera Center I. The retail area of the Building hosts also a French Bakery cafeteria, a Dr. Max’ pharmacy unit and an Inmedio convenience store.
Known as the first modern office building in Bucharest, Opera Center I was delivered in 2001, being still considered one of the most valuable office projects in Bucharest, both in terms of location and asset management.