Published on 16 February 2016
iQuest leased 1,650 sq m in L1, the first building of the second development phase of Coresi Business Park. Coresi Business Park is one of the most important business centers outside Bucharest, currently counting over 30,000 sq m of A class office space and targeting to reach 100,000 sq m in the following years.
L1 Building is part of the second phase of Coresi Business Park project development, consisting of three new modern A class, low-rise office buildings (GF+3F/5F), totalling 21,500 sq m. With a gross built area of 6,500 sq m, L1 Building is planned for delivery in April 2016 and is in the process of obtaining “Very Good” BREEAM rating. Alongside iQuest, the building will also host the offices of Tata Technologies, who leased 3,300 sq m.
“We have seen a growing interest in quality A class workspace, from both local and international companies, reflected in the 100% occupancy rate of our offices in Brasov, including the first building of our new development phase, which will be delivered within two months. It is remarkable that a great number of companies who choose to relocate today are targeting A class office spaces that meet all the fire safety standards.” commented Silviu Savin, Partner Ascenta Management, developer of Coresi Business Park Brasov.
For iQuest, the lease of 1,650 sq m in Coresi Business Park represents the relocation of the Brasov offices, scheduled for August 2016. The company has been active in Brasov since 2003.
“Our highly skilled team is the key ingredient to our competitive advantage on the global market. The relocation of our offices to Coresi Business Park ensures the best working conditions for our staff, and grants us the flexibility to grow & expand our operation on the same premises, every time it is required by the demand from our key-clients. Brasov is an excellent destination for the IT business. We see the industry expanding rapidly and the workforce becoming more and more specialized.” stated Cornelius Brody, iQuest founder.
iQuest has software development centers in Cluj-Napoca, Brasov, Sibiu and Craiova and currently employs a team of over 700 employees. Founded in 1998, the group is headquartered in Frankfurt am Main and has local offices in Europe, Asia and the US.
Coresi Business Park is a modern office project, developed on the former Tractorul industrial platform from Brasov. The scheme is one of the major urban regeneration projects in Romania, transforming 12 hectares of the old manufacturing plant into a contemporary business environment. The initial phase of Coresi Business Park consists of approximately 25,000 sq m GLA of unconventional office areas with industrial architectural elements. The restored former industrial buildings provide all the A class office space facilities and host international and local companies such as Raiffeisen Bank, IBM, Fresenius, Freudenberg, CGS, Waters etc. Coresi Business Park has zero vacancy for the existing offices and 100% retention rate, most of the tenants already passing through at least one extension process.
Coresi Business Park master plan features a well-balanced mix of industrial halls to office conversions and new built offices, envisioning 100,000 sq m of office GBA within 10 years (2015-2025). In addition to the existing, converted office space, the project features 10 new, modern, low-rise office buildings (GF+3F/4F).
iQuest is an independent, global IT services and solutions provider that for more than 18 years has been delivering an extensive portfolio of customised software solutions, products and integration services across Europe, MEA and the US With a successful combination of technical expertise and service excellence, iQuest drives long-term business value for leading companies in Life Sciences, Telecom, Transportation, Financial Services, and Energy.
The company has a strong and growing international presence and differentiates itself through a balance of excellent quality and user experience, an agile approach even in highly regulated environments, and a highly innovative spirit.
About Ascenta Management
Ascenta Management is the developer of Coresi Business Park, one of the largest office developments outside Bucharest and a major urban regeneration initiative. The management team has been involved with the project ever since the acquisition phase, ensuring a coherent & thoroughly master planned development. In addition to further growing their key asset in Brasov, the company also targets on new acquisitions of the local market, mainly office projects.
Ascenta’s business model provides a dynamic alternative to the traditional yield investors, as it relies on unparalleled responsiveness and a personal, tailored relation to each tenant. Ascenta’s multidisciplinary team encompasses expertise in the fields of property & facility management, leasing, property development, finance and marketing. Its members are a mix of young technical specialists and experienced senior executives with broad international academic and business experience.