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Office Market News

Flex Romania rented 1,200 sqm offices in UBC 1 Building within Openville Timisoara

United Business Center 1 (UBC 1) building within the Openville Timisoara mixed-use complex will host the offices of Flex Romania, a division of one of the world's leading players in the field of technology, equipment design and production.

The number of employees in modern offices in Bucharest has reached 250,000

Over the last five years, the number of corporate employees in Bucharest has increased by 70,000 people, to nearly 250,000 people.

Recensio Nobilis rents 1,000 sq m in Vox Technology Park Timisoara

Timisoara's market research firm Recensio Nobilis leased 1,000 square meters in Vox Technology Park office building in Timisoara, a project developed by Werk Property Group, following an investment of more than 30 million euros.

VIVO Food Bar has rented a space on the ground floor of AFI Park 5 office building

Vivo Food Bar opens a gourmet burgers restaurant in the AFI Park office complex, on the ground floor of the AFI Park 5 building, in a total area of 317 square meters. Thus, VIVO Food Bar joins the other tenants of AFI Park 4 & 5 office buildings, Cameron, Telus, VeeAM, Schlumberger, SecureWorks, XPERI and Fotonation.

The value of real estate transactions in 2017, about one billion euros in Romania

The volume of real estate investment in Romania in 2017 is estimated at around EUR 1 billion, almost 10% higher than in 2016 (EUR 890 million). The figure is 8% of the total in the Central and Eastern Europe region of 12.17 billion euros, according to the JLL.

Over 620,000 properties sold in Romania in 2017

The National Agency for Cadaster and Real Estate Advertising has announced that 627,802 properties have been sold in Romania last year.

Bucharest, leader of Romania’s land transactions in 2017

The total value of land transactions for real estate projects, excluding the industrial segment, increased significantly last year compared to 2016, exceeding the threshold of EUR 350 million at national level, with approximately 70% of this value transacted in Bucharest, where land transactions for residential development accounted for more than half of the investment volume.

Office market in Bucharest ended 2017 close to record highs in 2016, over 170 transactions

The Bucharest office market ended 2017 close to record highs in 2016, with over 170 Class A and Class B transactions totalling 310,000 square meters, according to the annual Knight Frank European Commercial Property Outlook.

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