Romanian investor plans to convert offices into living spaces
Romanian investor Liviu Tudor, one of the biggest local office owners, plans to turn one of his office buildings into residential spaces.
His decision comes amid high uncertainty on the local office market determined by the COVID-19 pandemic.
Only 35-40% of the employees who used to work in the office buildings in Bucharest before the pandemic currently go to office while the rest are working from home, according to Ziarul Financiar.
Liviu Tudor owns the Novo Park office project in Pipera and the West Gate office project in western Bucharest.
"Novo Park will be transformed into a mixed-use project that will foreshadow the future of work and living and will contain all the additional components that the office park of the future will have. Among them is a future co-living arranged in an existing building that will accommodate many other new functions," Liviu Tudor told Ziarul Financiar.
(Photo source: Facebook/Novo Park)