American-held Oracle continues expansion on the Romanian market, with its rented office spaces now covering around 21,000 square metres in three separate buildings located within a few tens of metres of each other, close to Aurel Vlaicu metro station, an area that could become known as “Oracle Towers Square”.
The IT giant with 1,300 employees and 70 million euros in turnover in Romania, managed in 2005 to change the name of the building from Floreasca Tower to Oracle Tower after renting the bulk of the spaces in the building now held by Austria’s Uniqa.
In 2009 the Americans became one of the biggest tenants of
Floreasca Business Park project, and last month signed a rental
contract for a 7,000 square-metre area in Nusco Tower, which will
become functional this autumn.
Oracle is the first officially announced tenant in the Nusco Tower,
following a 50 million-euro investment by Italian-held Nusco. The
18-floor building is in the process of being completed, has a
17,000 square-metre leasable area and was financed by UniCredit
}iriac Bank, via a 35.7 million-euro loan.