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Office Market News

Industrial Real estate developer Alinso to enter office market in Bucharest

Real estate developer Alinso Group has decided to enter the Bucharest office market by acquiring existing buildings or developing new ones.

Hagag bought the Stirbei Palace on Calea Victoriei in Bucharest, planning to develop an office complex

Israeli real estate developer Hagag bought Stirbei Palace on Calea Victoriei for an estimated amount of EUR 10 million. According to market sources, the company plans to rehabilitate the palace and develop office buildings behind it.

26% of the companies have a smart metering system for the main equipments, up from 14% last year

According to the second edition of the survey on ”Energy efficiency in the Romanian companies”, carried out by EnergyPal with the support of Valoria, in Romania, in 2019, 64% of companies have not implemented a smart metering system for the main equipment, down from 69% last year.

Openville Timisoara mixed-use project becomes Iulius Town

IULIUS and Atterbury Europe are announcing that Openville Timisoara, the first mixed-use project in the west of Romania, becomes Iulius Town, a name inspired by the attachment of Timisoara locals to the Iulius brand.

Lion's Head Investments in negotiation with Portland Trust for the acquisition of Expo Business Park office project in Bucharest

According to market sources, Lion's Head Investments is interested in the acquisition of the 42,000 sqm Expo Business Park, an office project under development in the Expozitiei area in Bucharest.

1 million EUR investment in a refurbishment process and new design concept for ONE NORTH GATE

One United Properties announces an investment of 1 million EUR in a refurbishment process and new design concept for the lobby, common spaces and the courtyard for One North Gate, the business center located close to Promenada Mall, on 2 Pipera Blvd.

A new office building in the center of Bucharest: Business Center The President opens in autumn

Corin Romanescu, Owner & Founder of The Events Center The President, announces the opening of Business Center The President, a real estate complex built at the intersection between Dacia Blvd., Mihai Eminescu Street and Calea Moşilor Street, on Dacia Blvd. 169, Bucharest. The construction of the business center began in 2018 and was made exclusively with Class A materials, to be completed in autumn 2019.

Sber Bank's Modern Moscow Headquarters

Inspiring Offices - every week we share with you thread of the most interesting offices all around the world!

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