The pharmaceutical manufacturer AstraZeneca has renewed its lease for the 1,280 sqm office space in Bucharest Business Park, owned by CA Immo, for a period of 5 years. JLL represented AstraZeneca in the process of renegotiating the transaction. AstraZeneca has been a tenant in Bucharest Business Park since 2006.
“In a market where the hybrid work system is predominant, causing more and more companies to rethink their office space strategies, AstraZeneca kept its initial office space following the process of renegotiating the contract with CA IMMO. It is obvious that the strategies differ from one area to another and there are also companies that reduce their occupied office space, but we believe that it is important for any tenant to see things in the long run, for the moment when employees will return to the office”, said Claudia Cetățoiu, senior consultant Office Department JLL Romania.
