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Office Market News

AFI Europe Romania Net Operating Income (NOI) increased by 10% to over EUR 51 million during 2017

AFI Europe Romania published its financial results; The Net Operating Income (NOI) from its income producing assets in Romania reached to over EUR 51 million in 2017, representing 10.1% higher results compared to 2016.

Net investments in Romania amounted to 77.964 billion lei in Romania

Last year's net investment in the national economy amounted to 77.964 billion lei, up 6.4% year-on-year, according to data released by the National Institute of Statistics (INS).

Red Bull Romania sets up its office in Unirii View, in downtown Bucharest

Red Bull Romania has rented 600 square meters of office space in Unirii View and will thus establish its local office in the tallest modern office building in downtown Bucharest.

UPC rents 6,000 sqm within The Bridge office project in Bucharest’s Orhideea area

The cable and telecom company UPC Romania signed with the developer Forte Partners for 6,000 sqm of offices in The Bridge 2 building, under construction in the Orhideea area of the capital.

Real estate transactions number increased by 4.5% in February, close to 51,000

In February 2018, a total of 50,756 properties were sold, with 2,189 more than in February 2017, the National Agency for Cadastre and Real Estate Advertising reported.

Two new tenants in AFI Tech Park leasing additional 1,000 sqm

AFI Europe Romania announces two new lease agreements for AFI Tech Park, the new business park the company is currently developing in Bucharest. RTC Proffice Experience, market leader in office stationery, leased approximately 650 sqm GLA in AFI Tech Park 1, and Ecovis Romania, a specialized international financial services company (with approx. 350 sqm), becoming the fourth and fifth tenants of the business campus, after World Class gym (1,500 sqm), Quick Service Restaurant “1 Minute” (110 sqm) and gaming company Game World (2,000 sqm).

Forbes Best Office Buildings Gala 2018 Awarded Best Office Developers

On Monday, February 26, 2018, the Intercontinental Hotel in Bucharest hosted the fourth edition of the Forbes Best Office Buildings Gala, an event in which the most important players in the office segment of the real estate market were awarded: developers, investors, owners, banks, tenant companies.

Companies signing most of the pre-rental contracts for office space in Bucharest

The first place in the top of the companies that rented new office space is the IT & C field, with companies with this profile signing 51% of the total area included in all rental and pre-lease agreements in 2017.

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