December 15, 2025

PPD Extends Lease with Genesis Property

On July 15, 2021, Genesis Property has announced it extended its lease agreement for offices in the West Gate Business District with the American clinical trials company PPD for another five years.

According to Genesis Property, this is the third consecutive extension of PPD’s lease, with the company being one of the oldest occupants of the office park, having been there since 2008.

“PPD is the second tenant that has decided to extend their stay in our offices,” commented Genesis Property President Liviu Tudor. “It is a sign of the trust that our partners place in our long-term relationship as well as in their long-term plans.”

Get the memo – every week

Essential real estate market updates, straight to your inbox.

Andrei Vacaru Appointed Romanian Managing Director at iO Partners

According to the company, Vacaru's "appointment marks a natural evolution for someone who has been part of the company’s backbone for 18 years."

Global Vision Investment Fund Refinances Retail Asset in Oradea with Raiffeisen Bank

GVIF continues its investment expansion, with a current project pipeline exceeding EUR 100 million in various development stages. These include assets from the retail, industrial–logistics, data center, office, and residential segments.

LPP Signs 11-Year Lease for New Distribution Center in CTPark Bucharest West

According to the developer, this will bring LPP's total space within the park to 125,000 square meters. Located adjacent to LPP Logistics’ new e-commerce fulfillment center, the new facility will support the group’s growth in the region and enhance supply efficiency to key markets.