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Office Market News

AFI Europe Romania secures first tenant for AFI Tech Park business campus

AFI Europe Romania has signed the first lease agreement for AFI Tech Park, the company’s newest business park developed in Bucharest. World Class Romania, leader on the Romanian health & fitness field, will be the first tenant of the campus, by leasing 1,500 sq m GLA spread on the Ground Floor and the 1st Floor of AFI Tech Park 1. The lease contract was signed for a period of 10 years.

Globalworth will develop a new office project in Bucharest by 2020

Investment Fund Globalworth Real Estate Investments prepares new real estate projects in Romania. In Bucharest, the company is to develop an office complex on Lutheran Street by 2020, on a land it holds since 2014, Globalworth representatives announced.

Intel inaugurates a new R & D center in Openville Timisoara

The United Business Center 1 (UBC 1) office building within Openville mixed-use project will host, starting December this year, Intel's research and development center in Timisoara, one of the world's largest technology manufacturers.

Openville Timisoara will be inaugurated in the fourth quarter of 2018

Openville Timisoara, the largest mixed-use project in western Romania, will be inaugurated in the fourth quarter of next year with the completion of its first development phase.

Accenture opens its seventh Romanian outsourcing center in Coresi Business Park Brasov

Accenture, among the largest outsourcing and management consultancy services, is expanding its presence in Romania by opening a new center in Brasov, the seventh in the country, where it will employ 100 people in the following period.

JLL: The real estate market, supported by industrial and office projects

The industrial, logistics and office sectors in Bucharest were the engines of the real estate development market in the first nine months of the year, while the retail sector recorded the lowest growth rate in terms of projects delivered in this period.

The office and residential stock in the center-west of Bucharest to double in 2018-2019

The following three years (2018-2020) will bring for the office market in the center-west area of Bucharest (Grozăveşti - Politehnica - Vasile Milea -Orhideea-Academiei-Tudor Vladimirescu) a DUBLATION of Class A office spaces. The residential segment has also an accelerated development in the center-west. If an average of 1,050 units / year were built between 2014-2017, 2,000 units / year are announced for 2018 and 2019, according to a study by ESOP l CORFAC International.

New tenant for City Offices on 1,700 sqm

PPT Preturi Pentru Tine, the largest Romanian clothing and footwear retailer, active on the Romanian market since 2006, moved to the City Offices office building, part of the Globalworth portfolio, renting an area of 1,700 sqm.

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