Yokogawa extends the lease for its headquarters in Novo Park for another 5 years

The local subsidiary of the Japanese company Yokogawa, with activities in the field of automation and control for industrial processes, testing and measurement, extended the lease contract for its headquarters in the Novo Park business park, owned by Genesis Property, by another 5 years, for the third consecutive time.  

Yokogawa has been based in Novo Park since 2007, being one of the longest-term tenants in the business park located in the north of Bucharest. In the midst of the pandemic, the company renewed the lease valid until 2021 for a period of another 5 years.

„In an atypical year amid the Covid-19 pandemic, in which many companies are still working in remote or hybrid systems, Yokogawa has chosen to extend the lease until 2026. This extension is a clear proof of the long-term commitment of the company with which we have a solid partnership, for almost 15 years, but also of the confidence in the future, despite the context we are still facing”, said Liviu Tudor, Chairman of Genesis Property.

The Novo Park complex is one of the largest business parks in the Capital and one of the first green office parks in Romania. Located in the northern part of Bucharest, the park consists of 7 buildings with a total leasable area of 75,000 square meters of Class A office space and is the miniature replica of a city, offering tenants and their employees integrated solutions to spend their time at work. 

The office complex has obtained the BREEAM certification, the most relevant accreditation globally for green buildings, with a Very Good rating.