Bucharest, 10th of November 2020 – River Development, the developer of the integrated project The Light, leased to ManpowerGroup Romania an area of 1,063 sqm in the class A office building – The Light One. The space was leased under a long-term deal and the process was facilitated by Crosspoint Real Estate. ManpowerGroup joins companies such as CTP, Regina Maria Medical Clinic, Kinetic, ON Semiconductor or Sweat Concept in the building.
“We are glad that ManpowerGroup Romania is joining all the other top companies, already moved to The Light One. The advantage of excellent positioning, in an area accessible by all means of public transportation, but also the flexibility in compartmentalizing the necessary space were the most important criteria that ManpowerGroup had in mind in the choice they made.” – said Ioana Mușat, Leasing Manager at River Development.
The Light One is the first of the three Class A office buildings in the entire mixed-use office & residential project – The Light. The building has a leasable area of 21,653 sqm (GLA) and a height of 11 floors – 2S + GF + 11 floors. The building is BREEAM certified with the Excellent rate.
“The office space in The Light One building, best met our requirements, the quality of the location and of the building itself will ensure better office conditions for internal employees, clients, associates and candidates, offering a much better workspace, more spacious, modern and comfortable as well. That will enhance the collaborative model approach and allow a stronger efficiency in our structure. The Politehnica area was also an additional argument for us, by the nature of our operations on the local market, as we want to expand our business and The Light One building is placed in the new emerging business pole from Bucharest, being developed in the last two years. Our new premises will have a good visibility from Iuliu Maniu Boulevard and an excellent access to public transportation system, as the existing infrastructure is highly developed, including buses, trams and underground lines, ensuring an easier access from everywhere in Bucharest and surroundings.” said Horatiu Vasilescu, new ManpowerGroup Romania Managing Director.
Crosspoint Real Estate brokered the lease of the space to ManpowerGroup. “It is a strategic move for ManpowerGroup, in the newest real estate development pole, the western part of the Capital. We are glad that we were able to support an important player in the recruitment area and find together the best office solution for his activity.“, said Florina Grosu, Senior Account Manager, Crosspoint Real Estate, the broker who handled the transaction.
About River Development
River Development is a local real estate developer, supported by a team of professionals with extensive experience in planning, developing and managing large real estate projects, with over 15 years of activity in the local market. River Development is developing the real estate projects Sema Parc (located on Splaiul Independenței, cca. 1.000.000 sq m GBA) and The Light (located on Iuliu Maniu Boulevard, cca. 150.000 sq m GBA), both situated in the central western area of Bucharest. The integrated project The Light, with multiple functionalities of A-class office spaces, residential, but also other related facilities, have a total built area of over 150,000 square meters, of which almost 100,000 square meters is the leasable office space. The Light One is the first office building delivered out of the three planned, with a total leasable area of 21,653 sqm, arranged on a 2B + GF + 10F + TF structure, in use from Q3 2019 and BREEAM Excellent certified.
About ManpowerGroup Romania
ManpowerGroup, the leader in innovative workforce solutions, creates and delivers services that help clients meet their business and workforce objectives while enhancing their competitiveness, including recruitment and assessment, training and development, workforce consulting, outsourcing and career management. Founded in Milwaukee (USA) in 1948 and present in Romania since 2003, the company is based on a worldwide network of 2,500 offices across more than 75 countries and territories.
About Crosspoint Real Estate
Founded in 2005, Crosspoint Real Estate offers both real estate trading and consulting services, as well as financial solutions needed by large investors, for all types of properties: office, retail, industrial, land, hotels and residential. Crosspoint Real Estate is the international partner of Savills in Romania, one of the largest real estate companies worldwide, founded in 1855 – with revenues of over GBP 1.93 billion generated in 2019. Crosspoint Real Estate recorded a turnover of 2 , 65 million euros in 2019.
Point of contact for further information:
PR & Communications Director, River Development
0733 325 837