Real estate consultancy firm Cushman & Wakefield Echinox announced on March 14 that it was commissioned to manage the One Victoriei Center office building, located in Bucharest's central business district.

Cushman & Wakefield Echinox will be responsible for managing the day-to-day operations of the building through a team of specialists both on-site and at the company’s headquarters, coordinated by Mihaela Petruescu, Head of Asset Services.

The 12,000-sqm building is part of One United Properties' portfolio. It is one of the emblematic buildings in the business center of Bucharest. Formerly hosting headquarters of companies like Generali or IBM, the property has attracted new tenants such as BRD or Food Panda.

Bucharest's central business district (CBD) boasted a vacancy rate of only 4.6%, well below the city’s 8.6% average at the end of 2018.

editor@romania-insider.com

(Photo source: C&W Echinox)