GTC Romania welcomes a new tenant under its wing – Millenium Pro Design retail group, operating under the brand Best Value, chose City Gate as its new headquarters in Romania. The company will occupy over 1,600 sq m in the South Tower of the Bucharest located landmark office complex. Best Value will move into City Gate by the end of Q3 2021.
While last year Covid-19 adversities influenced many companies put all major decisions related to negotiating office space on hold, this year’s prospects seem promising as more tenants consider moving back to offices. Great location, proximity to key urban facilities, wide selection of amenities for relaxation and leisure are becoming as important for tenants as safety and security in the workspace, especially after getting accustomed to working from home. Recognized by high-quality, safe, and tenant-centric properties, GTC Romania has signed yet another lease agreement for its landmark office property in Bucharest. Best Value, a recognized international retailer offering a premium duty-free shopping experience, has selected City Gate as its head office in Romania and will move into its new offices by the end of the third quarter. The Best Value’s new headquarters will be spread over 1,600 sq m in the South Tower of City Gate.
“I am excited that, yet another renowned company has chosen City Gate as its headquarters. This is a sign of our strong position in the Bucharest office market. We are delighted that such a renowned tenant as Best Value trusted in us and even more, we are thankful for the fast track of the negotiation and the decisions showed by our new tenant in securing a prime location for its business and employees. Also, I would like to thank the CEE Estate asset management team for their great support with this transaction. We hope City Gate will become a good home for Best Value, turning our relationship into a long-term mutually fruitful cooperation” – said Ziv Gigi, Managing Director for GTC’s operations in Romania.
Best Value belongs to Millennium Pro Design Group, which is also the owner of the Obsentum brand and the operator of the Furla Baneasa Shopping City and Coccinele Promenada Mall franchises. Founded in 1999, Millennium Pro Design is one of the retail market leaders in Eastern Europe with more than 12 years of experience in high-end duty-free commerce, dealing with such brands as Swarowski, Gucci, Furla, Tom Ford, Yves Saint Laurent, among others. Best Value has 23 shops in 12 international airports and more than 20 shops in Romania. The well-communicated location, well-designed interior, and high-quality offer of tenant amenities became the decisive factors for Best Value to choose City Gate as its head office in Bucharest, where the retailer will move by Q3 this year.
“We are very pleased to move our new headquarters to the landmark City Gate towers and start a long and strong collaboration with GTC Romania. We believe with its perfect location and facilities City Gate will offer a great working environment for our employees” – says Cristian Negoita, General Manager for Millenium Pro Design.
City Gate is a high-end office building located in the North of Bucharest, with easy access to business and recreational facilities grouped around the Herăstrău Park and office hubs like Piața Victoriei. The facility offers 48,000 sq m of modern office space, tailored to suit various tenants’ needs. Served directly by a bus and a tram line, the property offers approx. 1,000 underground parking spaces. Tenants are invited to recreate between the City Gate Towers office building within the Plaza premise. The Plaza provides a moment of tranquility for tenants and visitors, who can relax in one of the lobbies, arranged in a matching urban design. The upper floors of City Gate offer an exceptional view of Herastrau Park, where one can enjoy lunch or have a coffee break in the sky-bar and restaurant.