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Office Market News

Fulga Dinu, the new country manager of Immofinanz in Romania

Fulga Dinu took over as Country Manager Operations Immofinanz Romania and coordinates the development of the company on the office and commercial centres market.

Retailer dm drogerie markt invests 13 million euros in a new headquarters and distribution center in Timisoara

German network dm drogerie markt will invest 13 million euros in a new headquarters and a distribution center in Timisoara.

Companies leased 38,000 sqm of offices in Bucharest, down compared to last year

The office market in Bucharest recorded a new net take-up of 38,000 sq m in the first quarter of this year. According to Colliers International, most of the area was rented by companies in the energy/industrial and IT & C segments.

Spanish developer sells houses on Amazon

Managing Partner at ONLINE REAL ASSETS - Digital Real Estate Company This is a first for the global commerce giant: Online real estate sales at Amazon.es. The Spanish developer Altamira has put up for sale about a hundred houses and apartments in Madrid, Barcelona and on the Mediterranean coast. The site allows the direct connection with a seller, but not yet the online purchase of the house. The proponent states that the first sales have already been made. Altamira AM is a real estate company, a subsidiary of the US investment fund Apollo. Its wealth in Spain is over 50 billion euros. This initiative is clearly the first step in a plan to rapidly increase the proponent's online real estate sales. Amazon.es is more shy about other real estate ads, as they are only present through links to the Trovit and Holapisos ad sites. We know that Amazon, like other Gafa, is very interested in real estate: tests were conducted in the United States in 2017. This Spanish initiative is probably in a much more ambitious vision for real estate.

The employee's well-being is the new trend in the office market

New generations of employees are looking for a complete experience, bringing together office, retail, wellness and residential areas.

Flavours opens its ninth Stradale Restaurant in Tower I office building within Globalworth Campus

The ninth Stradale restaurant, created by Chef Foa alongside the Flavours team, will be opened in Tower I building developed by Globalworth on Dimitrie Pompeiu Boulevard in Bucharest, in an area of more than 600 sqm.

The number of employees in modern office buildings in Bucharest reached 250,000

The number of employees in Class A and B office buildings in the Romanian Capital reached about 250,000 at the end of last year, while the total number of employees exceeded the threshold of one million in January 2018, according to a study by Cushman & Wakefield Echinox.

Romania’s largest office transactions market share - office transactions with areas between 1,000 and 3,000 m2

In the first three months of 2018, about half of the new office space transactions, pre-rentals and expansions covered areas ranging from 1,000 to 3,000 sqm, according to a study of ESOP Consulting company CORFAC International. This segment of the market is growing due to new tenants who opt for medium-sized office space.

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