Petrom invests 70m euros in offices

Petrom, the largest company on the market and a member of the Austrian OMV Group, is building its own headquarters in Straulesti, north of Bucharest. The complex, whose development will be paid for by Petrom, is worth around 70 million euros and is the largest project on the real estate market so far. The size of the project exceeds Charles de Gaulle Plaza (Connex HQ) or Bucharest Business Park in Piata Presei Libere, where investments are estimated at 50-60 million euros. “Petrom City will be built on a plot of land Petrom has north of Bucharest in Straulesti, on the location of a former fuel warehouse. Out of a total area of 200,000 square metres, the office complex will take up 46,000 square metres and another 30,000 square metres will built underground,” the company officials say. Petrom”s decision to invest in the construction of its own headquarters was made with the trend of property rents in mind, sources on the market say. The new building will host both all of Petrom”s employees from the Bucharest offices and from the central offices of the national departments. About 3,000 Petrom employees are now working in five separate office buildings in and around Bucharest. ZF