Company officials said they have extended the lease contract for the 6th floor in the CGP building, which was formerly occupied by the Vodafone mobile phone operator.
“The company is planning to expand its portfolio in the near future,” according to a GLL statement. The Germans acquired the CGP office building in the summer of 2006 for €80 million from the Avrig 35 and CA Immo companies, the largest transaction at the time.
The company’s portfolio also includes the multifunctional Metropolis Center building, a €50 mln investment, which will be finalized in spring 2009. Metropolis Center is being developed by the Austrian Soravia company, and includes11,300 square meters of office space, 2,300 sqm of commercial space, and a 6,400 sqm hotel.
GLL’s third property in Romania’s capital is the Pallazo Italia office building, acquired a few months after the CGP deal was finalized. The investment made in the development of the building sold by Conta Investment amounted to $10 mln (some €7.98 mln).
