ING Insurance leases 4,000 sq m in Amera Tower, Cluj

DTZ Echinox has mediated the lease of 4,000 sq m in Amera Tower building, in Cluj-Napoca, to ING Insurance Central Europe. Starting July 2010, the refurbished former industrial building developed by Amera Grup will accommodate ING Insurance Central Europe’s regional Shared Services Centre.Amera Tower is modern 13 floors office building, located in the north-western part of the city centre, on the former industrial platform Baciu. The project has 8,900 sq m, 131 parking spaces and benefits form numerous facilities and excellent public transportation connections.

The new offices in Cluj Napoca will be the future workplace for employees servicing the ING Insurance business units in Czech Republic, Slovak Republic, Hungary, Poland, Romania, Greece and Spain, hosting the insurance back office operations, finance & accounting and IT. About 300 ING employees will be located in Amera Tower this year, while other 700 will join by 2013.

Currently the market in Cluj-Napoca City comprises approximately 55,000 sq m of rentable area of office spaces and expects the delivery of 5,000-10,000 sq m more in 2010. With a rather reduced office space stock and a strong occupancy rate – only 3-5% availability – the Cluj office market prime rents vary between 13 and 15 Euro/ sq m. Cluj-Napoca office supply is concentrated in the central area of the city. Until the first quarter of 2006 this supply was represented predominantly by B class office buildings, with total rentable areas of approximately 1,000 sq m.

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