Waters Romania expands its occupied office space in Coresi Business Park up to 3,500 sqm

The software and engineering company in the pharmaceutical, chemical and food sector, Waters Romania, will occupy 3,500 sqm in building N1, belonging to the second phase of development of Coresi Business Park in Brasov. The building, with a total area of 8,500 sqm, will be delivered in the second quarter of next year.

The second phase of the Coresi Business Park Brasov project comprises three modern Class A office buildings, with a low height regime (Gf+3E/4E), totalling 25,000 sqm built. Construction work is underway on the second new building, N1, of 8,500 sqm, to be delivered in the second quarter of 2017. Building L1, with a built area of 8,300 sqm, is fully leased and was handed over in September 2016. Buildings L1 and N1 are in the process of obtaining a BREEAM rating - "Very Good".

"Waters is a tenant we started with in 2011 and is already on its second expansion in Coresi Business Park. Companies like this, which grow organically and add value to the city and community, are a true reflection of the spirit of our business park. We are proud that both Waters and other prestigious international names have chosen to operate and grow within Coresi Business Park, allowing us to maintain 100% occupancy of delivered spaces and 100% tenant retention." comments Silviu Savin, Partner Ascenta Management, developer of Coresi Business Park.

Waters Romania is a company specialized in the development of integrated information systems, with a wide range of applications in the pharmaceutical, food, cosmetics, environmental protection, biotechnology, etc. industries, present in Brasov for over 17 years.

The company has been operating in Coresi Business Park since 2011. Through the recently signed agreement with Ascenta Management, the company is expanding its office and laboratory space to 3,500 sqm in building N1, currently under construction. The new space will be leased to the Waters partner from June 2017 for a period of 7 years.

A team of over 150 IT specialists will work in new offices within Coresi Business Park starting June 2017. Over the next period, Waters will expand its current team with more than 100 employees.

"Brasov is one of the cities with the most dynamic economic development in the last 5 years, both in the industrial and services sectors. We bet on a long-term development in Brasov, because it provides us with access to a large base of qualified staff, fed by the universities in the city and the area, and because we found in Coresi Business Park a partner that grows at the same pace as us and manages every time to offer us a flexible and competitive office solution." said Gheorghe Neagu, General Manager Waters Romania.

Coresi Business Park currently totals over 30,000 sqm of Class A office space and aims to reach 100,000 sqm in the coming years. Both the refurbished Phase I buildings and the newly delivered Phase II development spaces offer all Class A facilities and record 100% occupancy and 100% tenant retention, most of which are already undergoing expansion.

The business park developed on the former Tractorul industrial platform in Brasov hosts international tenants such as CGS, IBM, Raiffeisen, Tata Technologies, Waters, companies occupying areas between 3,000 and 5,000 sqm. Coresi Business Park is an integral part of the new Coresi district, one of the largest urban regeneration initiatives in Romania. Coresi Business Park transforms 12 hectares of the former industrial platform into a contemporary business area.

Ascenta Management, the developer of the business park, is planning a steady pace of deliveries of new office space, aiming to reach a total area of 100,000 sqm built in Coresi Business Park in the next 8-10 years through the construction of 10 new office buildings.