Art Business Center 5 attracts two new tenants, reaches 95% occupancy rate

Art Business Center 5 attracts two new tenants, reaches 95% occupancy rate

Published at: 2019-02-06 16:58 | Author: GVA Activ Property Services
Activ Property Services brokered the lease of two office spaces in Art Business Center 5. The two spaces totaling 500 sq m on the 2nd floor were leased by GTM Managing Services and Vehicle Management System.
Both companies offer services for the automotive sector and have chosen Activ Property Services’s office consultancy throughout the online platform Spatii-de-birouri.ro.
The building is located on Nicolae Caramfil Street, 350 meters away from Pipera Road and 950 meters from the Barbu Vacarescu office district, the most effervescent real estate area in Romania. The construction, completed in 2007, has 6 levels, a total of 11,000 sq m GLA and 176 parking spaces distributed on two underground levels.
ART Business Center 5 is the second largest office building in the Nicolae Caramfil area, located in the northern part of Bucharest, at few walking minutes from Herastrau Park. The area witnessed an accelerated development in the last 20 years, new office buildings and hotels, residential complexes and restaurants being delivered.
Nicolae Caramfil area has an excellent location, being surrounded by the main office areas in the north of the Capital. The area includes a modern office stock of 80,000 sq m GLA, with an occupancy rate that exceeds 95%, according to the online platform www.spatii-de-birouri.ro, managed by Activ Property Services.
"Our clients have chosen Art Business Center 5 especially for its strategic location, with excellent access to the main office areas in the north of the Capital, the availability of metro infrastructure, respectively the easy connections to Henri Coanda International Airport and the main roads linking the Capital to the rest of the country" says Nicoleta Craciunescu, office consultant at Activ Property Services.

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