COS, the office fit-out market leader, reaches almost EUR 23 million business volume in Q4 2021 and continues its expansion in largest regional cities of the country
- Large employers have turned the work from home period into an opportunity to invest in design solutions for their office spaces, in order to attract employees and prepare for the new work formats. The most active sectors: IT&C, professional services, financial services, companies with online activities (eg. food delivery, betting).
- Hospitals and clinics, private schools and the hospitality sector are investing more and more in design solutions adapted to the new health, safety and wellbeing trends.
- Along with the regional offices in Cluj and Timisoara, COS inaugurates a new office in Iasi.
Bucharest, October 18, 2021 – COS, the office fit-out* market leader, reports almost EUR 23 million business volume in the 4th quarter of 2021, representing advisory, concept and complete interior design solutions contracts, up by 12% as compared to the same period of 2020. At the same time, the company continues its regional expansion, by inaugurating a new representative office in Iasi, considering the recent years` accelerated development the Eastern part of the country.
75% of COS business in 2021 comes from the office segment, the main field of activity for COS [Corporate Office Solutions], the demand coming mainly from large companies operating in industries such as software / IT & C, financial services and consulting and companies with online activities. However, there is a growing demand from other new segments of the market, which are beginning to invest aggressively in their interior spaces, given the new occupiers` requirements on health and safety.
„The medical sector (public and private hospitals and clinics), the educational sector (especially the private schools) or the hospitality sector (hotels but also restaurants) have started to invest more and more in design and their interior spaces, both as a result of the new health and wellbeing concerns, as well as from the point of view of increasing competition. The interior design and comfort have become strongly differentiating elements for the end customer, given the increasing competition between the players active in these segments,” says Christophe Weller, founder of COS.
Along with the official representative office in Bucharest and the two regional offices in Timisoara and Cluj, COS recently inaugurated a new representative office in Iasi, in United Business Center 3.
“All the transformations that the business environment in general is going through and the way Romania is developing across regional cities are opportunities for COS. Romanians are more and more concerned with design, with improving the spaces interior comfort and we see an increasing concern for quality. The price is no longer the main differentiator in the market and factors such as the efficiency and safety are gaining more and more ground,” COS official adds.
COS has almost 100 employees throughout the country and runs a continuous recruitment campaign, given that the interior design sector is also facing an acute shortage of specialists and skilled labor.
In 2020 and 2021, COS signed projects totaling over 160.000 sqm for large multinational companies (fit-out for office spaces), clinics and hospitals, private schools, companies in the hospitality sector (hotels and restaurants).
Active on the local market since 1998, COS [with the initial name Corporate Office Solutions] is one of the first integrators of interior design solutions established in Romania. On the office fit-out segment, it is the market leader, with a portfolio of over 2.000 large companies for which it signs the headquarters and official representatives office space design. Among the most representative projects signed by COS: Microsoft, KPMG, Accenture, NTT, Porsche Engineering Cluj, Google, Nestle, Reckitt Benckiser, Secom, Takeaway Bucharest, MHP Cluj, Sector Labs Cluj, MHP and Mass Mutual at Record Park Cluj, Cognizant at Hexagon Bus Park Cluj.
COS has exclusive partnerships in Romania with Steelcase and Interface suppliers, international leaders in the furniture, respectively flooring solutions segments, but also with local factories, suppliers and manufacturers of customized furniture, flooring or design solutions.