The Romanian subsidiary of U.S. company Honeywell has rented 20% in the biggest office building in Bucharest, UpGround BOC, which means it now has enough space to recruit 300 more people for its services center. Honeywell will start using these spaces by the end of the year or during the first semester of 2014.

This is part the company’s expansion strategy, as Honeywell already has offices in the area. According to Honeywell’s website, its headquarters are in Floreasca Business Park, while another location listed is Iuliu Maniu Blvd East of Bucharest.

Honeywell owns three factories in Romania (Bucharest, Ploiești, Lugoj). In 2012, the company posted a turnover of EUR 110 million in Romania, where it employed almost 1,800 people.

Upground is a real estate project located in Bucharest at the intersection of Barbu Vacarescu and Fabrica de Glucoza streets and Soseaua Petricani. The project consists of four buildings, two residential ones and two office buildings, with a total floor area of 226,000 sqm. In May 2008 the project was bought by RREEF Real Estate, the real estate branch of Deutsche Bank for EUR 340 million.

Honeywell produces in Romania turbosuflante pentru motoare (la fabrica din cartierul bucureştean Militari), plăcuţe de frână (la Ploieşti) şi detectoare de fum şi foc (la Lugoj), dar dezvoltă totodată un centru de servicii regional cu activitate inclusiv în zona de eficienţă energetică. Anul trecut compania a fost pe poziţia a şasea în topul celor mai mari exportatori.

Honeywell produces in Romania turbochargers for engines (in the factory in Bucharest ), brake pads (in Ploiesti) and smoke and fire detectors (in Lugoj). It also develops a regional service center with activities related with energy efficiency. Last year the company was on the sixth position among the largest exporters from Romania.

Jones Lang LaSalle signed another 4 lease contracts over the summer, apart from the Honeywell one. The company relocated Accace and Lenovo in the Avantgarde building in the capital city, signing a lease contract of 5 years, Diaverum company opened an office in Olimpya tower, while British Petroleum renegotiated a lease contract for an additional five years in the current headquarters of the III Business Forum, according to the company.

Source
Ziarul Financiar

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