News Article JLL secures property management deal in Bucharest
by Ákos Budai | Office

JLL has been selected by the new owner of Swan Office & Technology Park as property and asset manager of the office building located in the Northern part of Bucharest. JLL's responsibilities comprise maintaining relations with tenants and extensive operational management services including overseeing subcontractors and maintenance costs.

Swan offers 29,124 sqm of office and commercial space in 3 buildings and its tenant include Dante International, Flanco Retail, Fashion Days, Mercedes-Benz, Tecnoservice, BIC and Renovatio.

Swan Office & Technology Park was developed by Chayton Capital LLP, after an investment exceeding €50 million, and inaugurated in the second quarter of 2011, being the first project in Romania to achieve a post construction BREEAM certificate. The office project has been in insolvency since March 2013 and last year the insolvency administrator has sold the project to Smartown Investments.
 
JLL currently manages a portfolio with a total size of 203,000 sqm that includes Colosseum Retail Park, Liberty Center, Green Gate office building and 9 industrial projects.