From mid-December 2018, Thales Systemes Romania will occupy 5,300 sqm of Orhideea Towers, relocating after almost 10 years spent in River Place, another representative office property of CA Immo in Bucharest. Amongst others, Orhideea´s tenancy currently includes Bitdefender (9,300 sqm), a global Internet security software company and Misys (8,000 sqm), a financial software company. Including the lease contract with Thales, the leasing rate (including space reservations to anchor tenants) currently stands at around 90%. 

According to Andreas Quint, Chief Executive Officer of CA Immo, “We´re happy to see Orhideea Towers filling up with tenants. This development project is enabling us to meet the expansion plans of Romania’s fastest-growing companies, many of whom are long-standing partners. With the completion of the A-class office projects Orhideea Towers and Campus 6.1, which we acquired from Skanska this year, we´re adding two high-quality landmark schemes in one of the most attractive microlocations in central Bucharest to our almost fully let asset portfolio this year.”

Located in the emerging central-west business district of Bucharest, Orhideea Towers offers direct access to the underground system and excellent visibility. The two towers of the H-shaped building, offering a total gross rentable area of 37,000 sqm, are linked by a bridge. Construction started with foundation works in October 2015.

Orhideea Towers has been developed in line with CA Immo’s high quality standards as regards design, technical specifications and sustainability criteria; an application will be made for LEED platinum certification. In this respect, CA Immo can point to a significant track record and a wealth of experience as a developer of high-quality office properties.

The two towers of Orhideea have 13 and 17 storeys, respectively; both offer generous floor space of up to 2,700 square metres on each level as well as two underground floors. The structure incorporates 406 parking spaces and bicycle storage along with showers and changing rooms for cyclists.

About CA Immo
CA Immo specialises in office properties in Central European capitals. The company, which was founded in 1987, is now active in the core markets of Austria, Germany, Poland, Hungary, the Czech Republic and Romania. CA Immo is listed on the ATX index of the Vienna Stock Exchange and controls property assets of approximately € 4.0 bn.
CA Immo has been active as a proprietor in Romania since 2003, where the company currently owns five office buildings: Opera Center 1 and 2, River Place, Europe House and Bucharest Business Park. As at 30 June 2018, total rentable space was 105,500 sqm, the portfolio value stood at € 260 m and the occupancy rate was 95%. Including the office projects Orhideea Towers and Campus 6.1, which will be incorporated into the company's investment portfolio in Q4 2018, the total rentable space of the Romanian CA Immo investment portfolio will comprise around 165,000 sqm with a total portfolio value of at least € 390 m.