Dec 12

Immochan finalizes the second phase of Coresi Business Park in 2018 and continues the development

Building N1, belonging to the second phase of Coresi Business Park, has been completed in September 2017 and is fully leased. Azets, Accenture, Intech and Waters occupy the entire building, with a total area of 8,500 sq m. The second phase will be completed in the summer of 2018, with the delivery of the N2 building.

The second phase of Coresi Business Park Braşov comprises three modern class A office buildings with low height (P + 3E / 4E), totalling 25,000 sq m. The third building, N2, of 8,500 sq m, is currently under construction, to be delivered between April and August 2018. All three buildings belonging to the second phase of the project - L1, N1 and N2 - are in the process of obtaining BREEAM certification - "Very good" level.

The N1 building, with 8,500 sq m GBA, is fully leased and has been delivered in September 2017. Azets, the world's leading provider of accounting, payroll, human resources and consultancy services in the Nordic countries, rented an entire floor in N1 building, respectively 1,550 sq m, which they occupied in September 2017. Accenture, one of the largest outsourcing and management consultancy providers, leased 750 sq m in N1 building, to open a new center in Braşov the seventh in the country, for which they plan to hire 100 people. Intech, a digital solutions provider for the automotive, heavy machinery and railway industry, is expanding its space in Coresi Business Park to 1,550 sq m, taking over one floor of the N1 building that they will move into in February 2018. The software and pharmaceutical, chemical and food engineering company, Waters Romania, occupies an area of 3,500 sq m in N1 building, spread across two and a half floors.

In July 2017, Immochan Romania acquired Coresi Business Park.  Thus, Cartier Coresi integrated the office component of the project in Brasov, in addition to its commercial component, represented by Coresi Shopping Resort, and the residential one, through the 1,000 apartments under construction.

"By completing the second phase of Coresi Business Park, Immochan reaffirms its role as Global Urban Player, creating synergy between all the functionalities of Cartier Coresi, in order to provide a natural flow, capable of transforming the city and serving the needs of the community. The offices will be connected directly to Coresi Shopping Resort and the Coresi Avantgarden residential quarter via a pedestrian and cyclable artery. We continue the development of the office park with Phase III and we aim to reach 100,000 sq m over the next few years. With this volume, Coresi Business Park will become the largest office project outside the capital city.", stated Tatian Diaconu, CEO of Immochan Romania.

Developed on the former Tractorul industrial platform in Brasov, Coresi Business Park is one of the most important office centers outside Bucharest, currently totalling more than 40,000 sq m, at A-class standard. The project is an ample urban regeneration initiative that transforms 12 hectares of old industrial buildings in a contemporary business area. In addition to the offices that have undergone the reconversion process, the project also includes 10 modern, new, low-rise office buildings (P + 3E / 4E). The second phase, representing the first three new buildings - L1, N1 and N2 - is currently under construction. The Coresi Business Park master plan comprises 100,000 sq m of office space, which will be reached in the next 8-10 years.

About Immochan
Immochan Romania was established in January 2012 and manages a portfolio of 23 shopping centers across the country. In 2016, Immochan expanded its business sphere to new industry segments: residential development, by developing Coresi Avantgarden in partnership with Avantgarden Immo Invest, and office, through Coresi Business Park, one of the most vibrant business parks in Brasov, in partnership with Ascenta Management.

Immochan assumes the role of GLOBAL URBAN PLAYER, a facilitator and urban integrator, creating projects with mixed functions and quality partnerships that contribute to the development of Romania.

Coresi Business Park Faza2 2018 03
Coresi Business Park Faza2 2018 04
Coresi Business Park Faza2 2018 05
Master  Plan Coresi Faza2 2018
Coresi Business Park Faza2 2018 01