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Articles

Silk District achieves the highest rating for environmental performance and building sustainability

Prime Kapital, a leading investor, developer, and real estate operator, obtained the BREEAM certification with the rating `OUTSTANDING`, for the first phase of the office component of Silk District, an impressive urban regeneration project developed in a fast-growing neighbourhood in Iasi. This is the highest rating for environmental performance and building sustainability awarded under BREEAM, the world’s leading science-based suite of validation and certification systems for a more sustainable built environment.

Demand for office spaces surged by over 60%, with transactions up to 1,000 sq. m being the most prevalent

The office market in Bucharest has shown a sustained demand growth in Q1, both in terms of the transacted volume and of the average lease size, amid an extremely limited new supply, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

PPF's net profit rises to EUR1.45bn in 2023 from EUR164m in 2022

PPF group recorded a net profit of EUR1.45bn last year, its best financial result since 2008 when it booked gains from a transaction with Italian insurer Assicurazioni Generali and an increase from 2022's EUR164m.

Private medical networks emerge as key tenants in Bucharest office buildings

The rapid expansion of the private medical sector is also reflected in the real estate field: the large networks of private medical clinics and hospitals in Bucharest currently occupy spaces with a total area of over 215,000 square meters, according to an analysis by the real estate services company iO Partners.

One United Properties posts a consolidated turnover of 84.3 million euros and a gross profit of 37 million euros in the first three months of 2024

One United Properties (BVB: ONE), the leading green developer of residential, mixed-use and office real estate in Romania, posts a consolidated turnover of 84.3 million euros for Q1 2024, a 5% decrease compared to Q1 2023. The gross profit reached 37 million euros, a 2% year-over-year increase, while the net profit amounted to 31.6 million euros, a 3% growth compared to Q1 2023.

Flydubai, the UAE-based airline, opens an office in Bucharest in the Eminescu Offices building

flydubai, the UAE-based airline, opens an office in Bucharest in the Eminescu Offices building through a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company.

WNS Global Services - Romania, NYSE listed leading digital transformation services provider, is setting up their office in One Cotroceni Park

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces that WNS, the forefront business process management (BPM) company, will be relocating its headquarters to One Cotroceni Park, as of this April. By moving to one of the emblematic business offices in Bucharest, WNS is affirming a commitment to providing a cutting-edge working environment for its 400+ employees.

SkyTower closes the first quarter of 2024 with new leases totalling 3,000 sqm

SkyTower, the iconic landmark of Bucharest and the tallest building in Romania, proudly announces that it has secured leases for more than 3,000 square metres of prime office space in the first quarter of 2024, attracting interest from both local and international companies.
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