SWAN Office & Technology Park, the revolutionary office project developed by Chayton Capital in Bucharest, Romania, ends 2012 with a significant increase in its occupancy rate - up to 35% - led by new lettings, as well as the expansion of existing tenants.
The revolutionary office project developed by Chayton Capital.
In the past quarter, 4 companies relocated their operations in SWAN Office & Technology Park, which increased the let area of the building with 2,000 m². Among them, three technology companies Austrian engineering and constructions company Bilfinger Berger (640 m²), the Dutch consulting and engineering company Tebodin B.V. (350 m²) and, more recently, Tecnoservice, the Romanian civil constructions company (750 m²) opted for SWAN based on the building's excellent technical specifications, in line with their core activity and corporate image.
Another major transaction represented the relocation of ING's subsidiary in Pipera area to SWAN, based on the better visibility and daily traffic generated by the building. As the fourth retail operator hosted by SWAN, ING will increase the project's attractiveness to tenants, while also bringing an upgrade to the area's available facilities.
The deals involving SWAN accounted for almost 60% out of the total net take-up registered in Pipera-Voluntari area in 2012. Thus, SWAN Office & Technology Park ranks as the most active building in the north of Bucharest, ending 2012 not only with a significant increase in its occupancy rate, but also with several new deals on the pipeline for 2013.
"In the life of such a complex project, there is one switch-point when perception changes in its favour and what seemed to be impossible proves to have always been the only possible way. For SWAN which began as a revolutionary office building with above-market specifications in an unexplored, challenged part of the city this moment is NOW.
"Our mission for 2013 is to continue the efforts towards increasing the facilities and service standards in order to provide our existing and future tenants with the best-possible platform where they can perform", states David Allen, Head of Real Estate at Chayton Capital LLP.
"Each of the deals closed in Q4 2012 involved a rigorous assessment of the existing class A office buildings in Bucharest, in which SWAN Office & Technology Park proved to be the solution that best fitted not only the companies' specific requests, but also their corporate image. The exceptional quality of the building, doubled by a competitive financial offer and flexible space planning options, represented the main criteria in favour of SWAN", states George Didoiu, Senior Associate in the Office Agency team of Colliers International, who mediated the relocation of Tecnoservice, SWAN's newest tenant.
SWAN Office & Technology Park was developed by Chayton Capital LLP, after an investment exceeding 50 million, and inaugurated in the second quarter of 2011, being the first project in Romania to achieve a Post Construction certificate under the BREEAM Europe 2009 regulations ('Very Good' rating).
With a total of 29,124 m² of office and commercial