Globalworth, the preeminent office investor in Central and Eastern Europe (CEE) and the forerunner in the Romanian office market, announces it has signed an agreement with eMAG, CEE’s largest ecommerce platform, as a tenant in Globalworth Square.
This state-of-the-art building in Bucharest, one of the standout structures in Globalworth’s portfolio, will serve as eMAG’s headquarters. The agreement signifies the most substantial new lease contract of the year, underlining the resilience of the office real estate market in Romania.
An Outstanding Partnership
Globalworth Square, part of the Globalworth District in the northern part of Bucharest, has a total leasable area of 29,000 sqm, spanning 3 underground levels, a ground floor, 15 upper floors, and a technical level. The building’s typical floor plan measures 2,130 sqm.
With this agreement, eMAG will occupy a space of 10,000 sqm GLA, bringing the building’s occupancy rate to a remarkable 100%. The ecommerce giant will also benefit from the extended fit-out service provided by Globalworth’s Workplaces division. This new partnership further exemplifies Globalworth’s expertise in offering tailored solutions for its partners, with more than 250,000 sqm of fitted-out office spaces under its belt.
Mutual Growth and Inspiration
eMAG, a pivotal player in the e-commerce sector, has displayed extraordinary growth over the past few years, expanding into multiple verticals such as grocery delivery and courier services.
Ema Iftimie, Head of Leasing at Globalworth Romania, remarks: “eMAG is one of the biggest players in the e-commerce sector and a company that has unlocked so many business verticals from grocery delivery and food delivery from restaurants to a marketplace for selling used phones. To be welcoming them into our business community is an inspiration on so many levels. Looking forward for this exciting new period together, a time to foster growth for our prominent new partner.”
Cosmin Dodoc, VP People and Organization at eMAG, speaks about this transition as a much-anticipated change. He highlights their commitment to providing their colleagues with an inspiring work environment and reflects their innovative work ethos: “eMAG has grown at a fast pace during the past years entering a new stage of development. We want what is best for our colleagues and based on their opinions voiced through our internal surveys, we know this is a desired change. We are happy to establish our head office in such a state-of-the-art building that embeds high sustainability standards. We will continue our journey and our hybrid way of working in a welcoming space that people find inspiring and enjoy working in. The new space will accede premium fit-out solutions to reflect our personality and way of doing amazing projects”
A Truly Sustainable Building
Globalworth Square boasts an exceptional geolocation, easy access to public transport, shopping areas, and state-of-the-art health and safety systems. In line with Globalworth’s commitment to sustainability, the building is equipped with an eco-friendly cooling system unique for a Class A office building in Romania, ensuring minimal energy consumption.
Moreover, Globalworth Square proudly holds the highest-ranked BREEAM Outstanding certificate in Romania, placing it third worldwide. This is a testament to Globalworth’s steadfast commitment to sustainable and green construction practices.
Facilitating the Future of Work
The deal was facilitated by the real estate consulting company Cushman & Wakefield Echinox. Their involvement underscores the ongoing strength and activity in the office market, as more companies continue to improve the workplace experience for their employees. “We are thrilled and honored to be involved in a new important lease transaction for the Bucharest market. The activity on the office market remains strong as many companies continue to determine their office space needs and to improve the workplace experience for their employees”, added Monica Vasile & Eduard Turcoman, Office Agency Directors at Cushman & Wakefield Echinox.
As Globalworth continues to pioneer the future of workspaces, we are proud to establish enduring partnerships with leading companies such as eMAG. This collaboration reflects our shared commitment to innovation, sustainability, and fostering community, and we look forward to supporting eMAG in its ongoing journey.