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Office Market News

The office market in Central and Eastern Europe will total € 5.8 billion in 2018

EUR 5.8 billion is the estimated investment volume this year in the office space market in Central and Eastern Europe (Poland, the Czech Republic, Slovakia, Hungary and Romania), according to a study conducted by Skanska, CBRE, Dentons and PwC.

Investors continue to diversify global real estate portfolios

Despite the current political environment, investors continue to target real estate assets. Strong occupier expansion, low vacancy rates and limited development pipelines have supported a gradual shift in market conditions to favour landlords, resulting in rental growth and stability across the majority of European markets during 2018.

US company Visteon is looking for 2,000 sqm of offices in Timisoara

Visteon, US electronic components manufacturer for the automotive is looking for office spaces in Timisoara in order to open an engineering center.

Footwear retailer CCC moves into a new two-story headquarters in Globalworth Plaza

The CCC footwear retailer moves to Globalworth Plaza in Bucharest, where its new office will occupy two floors in the office building located on Pipera Street.

The M&A market in Romania reached 809 million euros in Q3 2018

Romania's merger and acquisition market had a hot summer in the third quarter, with cumulated transactions worth 809 million euros, more than double of the value of 391 million euros registered in the second quarter, according to a Deloitte study.

AdsWizz relocates its offices on the 35th floor of SkyTower, the tallest office building in Romania

AdsWizz, a company specializing in digital audio advertising technology, signed a lease agreement for relocation of the company's headquarters on the 35th floor of SkyTower, the tallest office building in Romania, located in the Floreasca - Barbu Vacarescu area, in the immediate vicinity of the metro station Aurel Vlaicu.

Dentons to move headquarters to The Mark office project in Bucharest on 1,100 sqm

Dentons law firm will move its headquarters in Bucharest, starting 2019, on a new 1,100 square metres space on the seventh floor of The Mark, an office project located on Uranus Boulevard in downtown Bucharest, a project developed by S Immo.

More than 60 hectares of land transacted in Bucharest in the first nine months of 2018

In the first nine months, lots with a total surface of more than 60 hectares have been traded in Bucharest, where about 8,000 dwellings, 180,000 square meters of office space and commercial spaces can be built.

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