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Office Market News

Study: Important demand for office space from the BPO / SSC sector in Bucharest and other major cities in CEE

The demand for office space for the BPO / SSC sector in four major CEE cities - Wroclaw, Lodz, Krakow and Sofia - accounted for 60% of the total demand in the first half, while in Bucharest this was one-quarter of the total.

Year 2018 brings more balanced rents for new offices in Bucharest's main business poles

Expozitiei area is located between the Orhideea-Politehnica and Barbu Văcărescu-Aviaţiei office poles.

A New Visual Identity and a New Location for Global Vision

In a more mature industry, Global Vision places its three divisions of Property Development, Property & Facility Management and Building Construction under a new visual identity and into a new premium location.

Transaction: EBRD acquires 4.4% of Globalworth real estate developer

The EBRD has joined the real estate developer Globalworth Real Estate Investments Limited by taking a 4.4% stake in a public offer to support the development of the company portfolio and operations in Romania and Poland, where the company has attracted 340 million euro.

New Lease Agreement in AFI Tech Park: Concept Store “1 Minute” to open a new unit in the business campus

AFI Europe Romania has signed a new lease agreement for the AFI Tech Park business camp. The new tenant is Lagardère Travel Retail Romania with their "1 Minute" Quick Service Restaurant concept, who has rented a space on the ground floor of the AFI Tech Park 1 building.

Forte Partners takes a 12 million-euro credit from BT for Aviatiei Park

Forte Partners real estate developer, founded by Geo Mărgescu, Ionut Dumitrescu and Johny Jabra, has received a 12m-euro funding from Banca Transilvania for the construction of the Aviaţiei Park residential complex in northern Bucharest, a total investment of 37 million euros.

Telekom sold 3 buildings in Bucharest for over 5 million euros

Telekom Romania Communications has sold three buildings in Bucharest as part of a property redevelopment program. The properties sold were offered at a total price of about 5.5 million euros, according to Profit.ro.

Romania generated 21.2% of Immofinanz's nine-month rental income

In the first three quarters of the financial year 2017, rental income in Romania amounted to 37 million euros, which represents 21.2% of total rental income at group level.

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Alexandra Filip

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