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Office Market News

2023 was a good year for local real estate, with a strong industrial market and lower investment activity

Romania’s real estate market prepares to end a “decent” year, with intense activity in the industrial sector, but also with a decline in economic dynamic and a significant decrease in investment market activity, as Colliers consultants predicted at the beginning of the year, in their report “Top 10 predictions 2023”.

Raluca Stanislav is the new Head of Business Development at Cushman & Wakefield Echinox

Cushman & Wakefield Echinox consolidates its team by recruiting Raluca Stanislav as Head of Business Development

LG Electronics România, the most recent tenant in myhive S-Park office building

CPI Property Group, one of the largest owners of income-generating real estate in Europe, has signed a lease agreement with LG Electronics Romania, for a period of 5 years – starting with the first quarter of 2024 – for an area of approximately 1,400 square meters, in the myhive S-Park office building. The leased space will be the local headquarters of LG Electronics Romania.

Sustainability Gains Ground in Europe: 34% increase in certified office take-up in H1 2023

CBRE, one of the global and national leaders in commercial real estate investment and services, has launched the third edition of their research report, 'Is Sustainability Certification in Real Estate Worth it?'. The report, conducted in 19 European countries, including Romania, confirms a significant correlation between sustainability certificates, higher energy performance, and office building market value.

Hella leases additional 1.300 sqm space at ElectroPutere Parc in Craiova

French real estate group Catinvest expanded its lease agreement with German car parts manufacturer Hella by an additional 1.300 sq m of office space within ElectroPutere Parc, a mixed-use development in Craiova, southern Romania.

Viking Romania relocates to new offices in Record Park building

Viking Shared Service Center Cluj is among the most important employers and significant pillars of support business services in Cluj-Napoca. Viking relocates to new offices in Record Park, which is a project developed by Speedwell and owned by AYA Properties Fund.

SkyTower, first office building in the world to achieve SHORE Platinum Certification

SkyTower, Romania’s tallest office building, continues to set high standards for safety, sustainability, and operational excellence. The tower is the very first office building worldwide to be awarded with the SHORE Platinum Certification by SAFE Asset Group.

Eximprod Group, new tenant of Equilibrium 2 office building

Eximprod, the group of companies that provides a comprehensive portfolio of equipment, solutions, and services in the energy sector, is relocating its office from Bucharest to the Equilibrium 2 building, part of the Equilibrium complex developed by Skanska in the Northern area of the Capital.

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Adina Camara

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