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Office Market News

Ubisoft Bucharest announces its relocation to new office building within J8 Office Park project

Ubisoft Bucharest announces its relocation plan in 2021 to a new office building within the J8 Office Park project located in the Jiu area and developed by the Portland Trust.

Colliers International appoints Kevin Turpin as a Regional Director of Research for Central and Eastern Europe

Leading global commercial real estate services and investment management firm, Colliers International announced recently that Kevin Turpin has been appointed as the new Regional Director of Research for Central and Eastern Europe. He starts his new position on the 01 October and will be based in Prague.

Veeam Software to lease 2,300 sqm offices in Business Garden Bucharest

Veeam Software has leased approximately 2,300 sqm, with possibility of extension, in Business Garden Bucharest, building owned by Vastint Romania in Orhideea area, as part of their growth strategy.

One United Properties has ongoing office projects of 150,000 sqm, totaling investments 220 million EUR

One United Properties, a company with Romanian capital, has ongoing office projects of 150,000 sqm for the following three years, totaling investments of 220 million EUR.

The subway will have a new station near the southern Ring Road of Bucharest

The Ministry of Transport, Metrorex and the City Hall of Sector 4 signed a Protocol on Tuesday on the construction of a subway station at the ground level, located between the Berceni subway station and the Ring Road.

The evolution of the Bucharest office market can impact values with plus or minus 5%

Bucharest’s modern office stock increases with over 500,000 sqm in 2019 and 2020. According to analyses by real estate consulting company Colliers International Romania, these dynamics of the office market could generate variations in the office buildings’ market values of plus or minus 5% during the indicated period. To measure these possible changes, three factors were considered: the average vacancy rate, the level of the incentives packages that owners offer to tenants and yield compression.

Don't miss the most important event of the specialists in Facility & Property Management!

Facility & Property Management Conference returns with a new edition on November 6 at the JW Marriott Bucharest Grand Hotel and will bring together owners, tenants and specialists in the maintenance and management of commercial buildings, the main topic of discussion being the DIGITALIZATION OF WORKPLACES AND THE TRANSFORMATION OF BUILDINGS.

Mihai Păduroiu, appointed CEO, Office Division One United Properties

One United Properties announces the appointment of Mihai Păduroiu as CEO of the office division, starting November 1, 2019.

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