The transaction was mediated by JLL Romania, a consultancy company specialising in property services and investment management.

Spotawheel will benefit from Sema Parc ”Paris” office buildings with modern spaces built according to the latest technologies and green certifications, which focus on the flexibility, enviornment and sustainability. ”Paris” office building is one of the office buildings in Sema Parc Breeam Excellent certified in use.

"We are excited to close this deal with the company that brings a new business model in Romania, as a confirmation that Sema Parc fits best for companies that are looking for sustainable developments where they can grow and thrive. Our business communitity growth further more. " – said Tina Vîrlan, Lease Manager at River Development.

“At Spotawheel we offer transparency, safety, and value to our customers. We want to work in safe and technology-enabled environments in order to scale our people and our business in the right direction. We feel Sema Parc is the right fit for us to achieve our scalability goals while expanding in Romania. We are delighted to soon be part of such a promising and growing community.” – added Mr. Charilaos Arvanitis, Chief Executive Officer of Spotawheel.

“We were delighted to collaborate with Spotawheel, one of the fastest-growing niche business in Europe and to assist them in the expansion to the Romanian market by finding the most suitable space for their needs. We are glad to have found in River Development a reliable partner who shares our values in terms of quality and sustainability standards.” – stated Mihai Escu, Senior Consultant, JLL Romania.

River Development is a real estate developer with Romanian capital, with activity for over 15 years on the local market, supported by a team of professionals with extensive experience in planning, developing and managing large real estate projects. River Development develops the real estate projects Sema Parc (located on Splaiul Independentei - approx. 1,000,000 sqm GBA) and The Light (located on Iuliu Maniu Boulevard, approx. 150,000 sqm GBA), both located in the central western area of the capital and in different stages of development.

River Develoment has over 150,000 sq m of office space in its portfolio and has delivered in the last two years over 38,000 square meters of new class A buildings, within the Sema Parc project, through the three class A buildings - Brussels, Paris and Berlin. London and Oslo buildings with delivery in Q1 2022 will add another 31,500 sqm (GLA) of class A offices within the Sema Parc project.

As part of its second portfolio project - The Light, River Development has already delivered the first phase - The Light One, a Class A office building with a leasable area of 21,653 sqm.

All recently developed or under construction projects comply with BREEAM standards for green buildings and target for the "Outstanding" rating.