Transaction in the office market: HP Inc. extends the partnership with YUNITY Park for another 5 years, reinforcing its presence on the Romanian market for 24 years

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Transaction in the office market: HP Inc. extends the partnership with YUNITY Park for another 5 years, reinforcing its presence on the Romanian market for 24 years

 

Genesis Property, one of Romania’s leading office building owners, and HP Inc. Romania have signed a 5-year lease extension for 7,000 square meters of office space in YUNITY Park, the most innovative office campus in Romania. HP Inc. Romania will thus reach 24 years of presence in YUNITY Park, offering employees unique workspaces and facilities for office life and leisure, aligned with today’s and tomorrow’s trends.

“HP Inc. has chosen YUNITY Park for the next 5 years, reinforcing our partnership of over 20 years and our shared mission to provide an environment that is aligned with future trends in the labor market. Our continued dedication to office campus development focuses on people’s needs, both in their professional and personal lives, helping to create an ideal balance between productivity, collaboration, and well-being. YUNITY Park stands out as an innovative and sustainable community, and our spaces and services are recognized for their ability to attract, inspire, and retain talent, reflecting our ongoing commitment to excellence and innovation”, said Liviu Tudor, Genesis Property President.

Liviu Tudor, Genesis Property President

In addition to state-of-the-art office spaces with high sustainability standards, the YUNITY Park campus stands out through its purpose-built public space with fluid architecture and biophilic design, offering an urban forest of 1.000 sqm, which contributes to the absorption of more than 5 tons of CO₂ annually, an outdoor amphitheatre with a capacity of 1,500 people, 2,000 meters of pedestrian walkways and tiered promenade, stepped water mirrors and creative spaces for relaxation, meetings and events.

“At HP Inc Romania we strive to provide our teams with a productive and balanced working environment, adapted to the latest trends. We are delighted to continue our strong collaboration with Genesis Property, sharing a vision that has redefined YUNITY Park over the past year as a refreshing element in the Romanian office space landscape”, said Mugur Pantaia, Managing Director, HP Inc. Romania.

Mugur Pantaia, Managing Director, HP Inc. Romania

In 2024, YUNITY Park is preparing to enter its final development stage. This progress comes after Genesis Property announced the completion of the project’s second phase at the end of last year, marking a significant 20-million-euro investment in exceptional spaces and facilities, as well as in the sustainability of the campus. Among the innovations implemented by the company are a rainwater retention pond to irrigate the park’s entire green space, smart and energy-efficient night lighting systems based on LED technology, and an impressive network of more than 1,000 photovoltaic panels installed on the roofs of campus buildings.

This transaction is part of a series of lease agreements for office spaces in the YUNITY Park and West Gate Business District campuses, part of Genesis Property’s portfolio. In the past 12 months, well-known companies such as Garanti BBVA, Siemens, and Ericsson have renewed their commitments, bringing Genesis Property’s total leased space to over 25,000 square meters.

In 2023 Genesis Property received approval from the Science Based Targets initiative (SBTi) for its near-term CO₂ emissions reduction target by 2030. The company aims to reduce emissions in Scopes 1 and 2 by at least 46% below 2019 levels, as part of its efforts to meet the targets set out in the Paris Agreement. These measures are intended to contribute to limiting global warming to 1.5°C above pre-industrial levels by 2050. Genesis Property is also committed to measuring and reducing Scope 3 emissions, to achieve validation of the Net Zero target for long-term CO₂ emission reductions.

About HP Inc.

HP Inc. (NYSE: HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect with the things that matter. Present in more than 170 countries, HP offers a wide range of innovative and sustainable devices, services and subscriptions for computing systems, printers, 3D printing solutions, hybrid work, gaming and more. For more information visit http://www.hp.com.

About Genesis Property

Genesis Property, with over 20 years of experience in the Romanian real estate industry, is one of the leading owners, developers, and operators of Class A office buildings. It owns and manages YUNITY Park and West Gate Business District with over 150,000 sqm GLA of office space occupied by companies such as HP, Accenture, Ericsson, Garanti BBVA, Infineon, Luxoft, Yokogawa, Siemens and Alpha Bank, where over 15,000 employees work. Genesis Property also initiated the IMMUNE Building Standard™, a global standard that certifies the resilience of buildings to health threats such as the Covid-19 pandemic. Genesis Property is the developer of Romania’s first private student campus, West Gate Studios. For more information, visit GenesisProperty.net / YunityPark.com

 

 

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