King Sturge acted as real estate consultant for the latest lease in Conect Business Park 3, located in northern Bucharest, in the near vicinity of Bucharest-Brasov highway, where BauMax has occupied 1,500 sq m for their future Romanian headquarters.

The developer, Conect Business Park, has already completed 3 buildings, of 8 and 9 floors with total parking places of 266, of which 134 underground.

“Other prestigious tenants include international and local companies, such as Alcatel, Domo, Honda, Egger, Domo, EOS KSI, GTS Telecom, Arctic, Mota Engil, Euroins, Crimbo Gas, Nobel Corporation, Perot Systems, Interior Resources”, said Tina Burton, administrator of Conect Business Park.

The park is planned to include 6 office buildings, with a typical floor plate of approx. 1,500 sq m, of a total 89,000 sq m. The next 2 phases would have a cumulated rentable area of 25,000 sq m, deliverable in 2011.

The strategic location, in northern Bucharest, within the newest business district and in the nearest vicinity of the airport, also the public transportation - a subway station right at the entrance into the park, the number of parking places, a catering facility within the building and the open space feature which enables us to manage the surface in a flexible and efficient manner represented the reasons that determined BauMax to choose Conect Business Park”, said Adriana Gheber, representative of BauMax.

BauMax company, which entered the market in 2006, has already gained a position among the five largest DIY networks in Romania. The company has opened 7 stores in Romania’s major cities such as Brasov, Sibiu, Targu Mures, Cluj, Craiova, Suceava and Bacau and also plans new openings in cities such as Constanta, Ploiesti, Pitesti, Braila and Bucharest. The company has recently entered the Bulgarian market, with expansion plans towards the Eastern Europe in Ukraine and Turkey.

Conect Business Park is 97.09% held by Tinapack. The company holds namesake project located in northern Bucharest that covers 12,500 sqm. The stocks are traded at the primary category at Rasdaq, XMBS section, under COEC symbol.

London-based King Sturge LLP is one of the largest international property consultancies in Europe (51 offices in 15 countries), with a comprehensive network of over 165 wholly owned and associated offices throughout the world: Europe’s mainland cities, Asia Pacific and the Americas.

King Sturge LLP began its activities in Romania back in 2000 and opened a wholly owned office in Bucharest in 2006. The company offers a wide range of real estate consultancy services, including property and asset management, investment, agency, valuation, project management and building Consultancy.

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