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Office Market News

Outsourced project management market will grow by over 20% in 2018 in Romania

The local project management market, which has seen a steep rise in demand lately, will grow by over 20% in 2018.

Investors in the office market attracted by regional cities as an alternative to Bucharest

The accelerated economic development of the major regional centers in Romania is beginning to affect their real estate market as well. According to the Colliers International real estate consultancy, there are strong arguments to support the increased interest in office space rentals and the strong investment potential, so cities such as Cluj-Napoca, Timisoara, Iasi or Brasov offer an alternative to Bucharest.

Vitacom Electronics is looking to relocate its headquarters in Cluj

Vitacom Electronics, a Romanian company specialized in the sale and distribution of electronic products, is looking for new headquarters in order to support the company’s growth.

Campus 6 office complex will host Superhippo on more than 1250 m2

Superhippo, a leader in the freemium gaming industry, is the newest tenant of Building 1 in Campus 6. The company will move to the new office space, with an area of more than 1250 m2, in autumn this year.

Immofinanz leased more than 15,000 square meters of office space in Bucharest in the first half of this year

Immofinanz, one of the largest owners of office buildings in Bucharest, has leased over 15,000 square meters in the first half of this year. This represents 8% of the total office space available for rent at this time.

Co-working space market in Bucharest almost doubled in less than an year

In the first half of 2018, the coworking office space almost doubled in size in Romania, from 33,000 sqm in October 2017 to 62,000 sqm in June 2018, according to the latest Savills report at European level.

Deliveries of real estate projects up 53 pct in 2018 in Romania

The real estate market in Romania is recording a significant increase in construction volumes in the middle of the year, deliveries of commercial spaces, office buildings and industrial projects announced for 2018 are 53% higher than last year at national level.

Forte Partners bought a plot of land to build the third phase of The Bridge project in Bucharest

Forte Partners, the developer of The Bridge project in the western area of Bucharest, bought a 5,400 sqm plot of land to build a third building.

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Alexandra Filip

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