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Office Market News

Leading marketing agencies join forces to leverage Proptech solutions for the UK and European real estate markets

Online Real Assets and Lodestar have signed a joint agreement to provide the real estate sector with high-value integrated services. The deal will cover both the UK and Central and Eastern European markets.

The next ten years on the office market in Romania

Ten years ago, the financial crisis of particular severity brought countless countries into recession, including Romania. In the last decade, Romania's economy has undergone a number of changes, also marking significant progress, including in the real estate sector, whose prospects for the next 10 years offer an attractive risk / reward profile, according to the Colliers International real estate consultancy Romania.

The first COS showroom in the west of the country opens in Timişoara within ISHO office project

Corporate Office Solution (COS), the turn-key office specialist, will open the first showroom that the company has in the West of the country, in a generous space in the ISHO Offices building. This is the third COS showroom in Romania, the other two being functional in Bucharest and Cluj-Napoca.

Telekom sells Floreasca land for more than EUR 18 million to One United Properties

Telekom Romania has sold for over 18 million euros a 25,839 sqm plot of land on the shores of Lake Floreasca in Bucharest, to One United Properties. It is the biggest land transaction on the real estate market in Bucharest this year.

Globalworth attracted 46m euros from BCR for the development of Renault Bucharest Connected office project

Globalworth, one of the most important investor in Central and Eastern Europe, has received a € 46 million loan from the Romanian Commercial Bank (BCR), which will be invested in the development of the office project Renault Bucharest Connected.

Friborg Development to sell the Liberty Technology Park office project in Cluj-Napoca

Friborg Development, the company controlled by local businessman Ion Sturza, is looking for a buyer for the Liberty Technology Park office park developed in Cluj-Napoca.

Belgian real estate developer Atenor to start a new office project in Bucharest’s Expozitiei area

Belgian real estate developer Atenor, the owner of Hermes Business Campus in the Pipera area in Bucharest, will start early in 2019 the development of a new office project on Expozitiei Blvd in Bucharest.

Nearly 30pct of the employees in Bucharest are working in modern office buildings

The number of employees working in Bucharest in Class A and B office buildings could rise up to 270,000 by the end of this year, as in the first half of the current year the number reached approximately 253,000, rising by 3,000 compared to the beginning of the year, shows a study conducted by C&W Echinox.

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