Infineon Technologies agrees record lease at Novo Park
Infineon Technologies Romania, semiconductor developer and manufacturer, signed for seven more years unbreakable with Novo Park, thus reaching a record lease contract that totalizes 19 years.
Signed two years before the previous one expired, the extension of the lease contract is valid until 2024. “After the record we registered with Hewlett-Packard, which totalizes 18 years of leasing contract with Novo Park, we had the opportunity to self-exceed and establish a new record on the local market, that of 19 years of partnership with Infineon,” said Liviu Tudor, chariman and founder of Genesis Development.
In 2005, Infineon Technologies first leased 2,300 square meters in Novo Park, office complex developed in northern Bucharest by Genesis Development. At the moment, after repeated renewals of the contract, the company is currently leasing 7,500 square meters.