PPD extends the lease for its headquarters in West Gate Business District for another 5 years
PPD, a leading global contract research organization providing comprehensive, integrated drug development, laboratory and lifecycle management services, has extended the lease contract for its headquarters in West Gate Business District business park, owned by Genesis Property, for another 5 years, for the third consecutive time.
PPD, based in West Gate Business District since 2008, is among the longest-term tenants of the office park and is now renewing its lease until October 2026. In the last month, Genesis Property also announced a 5 years lease extension with the local branch of the Japanese company Yokogawa, located in Novo Park.
„PPD is the second tenant to decide to renew its lease contract for their office spaces. This is a clear sign of the confidence our partners have in our long-term relationship and, at the same time, in the future plans”, said Liviu Tudor, Chairman of Genesis Property.
The offices in the West Gate Business District cover 75,000 square meter of leasable area. The complex includes five buildings, each with 15,000 square meters of usable space, with high quality class A offices and auxiliary spaces. It also provides parking lots for its tenants, green spaces and other facilities such as an outdoor swimming pool, 4-star accommodation, a tennis court and a running track.
The H3 building in the West Gate Business District, fully occupied by Ericsson, recently achieved the IMMUNE™ - Resilient certification, becoming the first building in the world to achieve the highest level of IMMUNE Building Standard™ certification.