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Office Market News

Timpuri Noi Square Third Office Building Starts Construction Works

Vastint Romania is closer to reach the planed 100,000 m² lettable area in the city center. Bog’Art was appointed as the general contractor for the third building with a total surface of 20,000 m² lettable area of modern, class A office and retail area.

Globalworth develops Renault Romania’s new Bucharest centre

The office building operator Globalworth Real Estate Investments Ltd develops a new center for Groupe Renault Romania in Bucharest through Elgan Offices SRL, the company owned by Globalworth and Elgan Group, as a result of the acquisition of a field of 57,000 sqm previously owned by Coca-Cola HBC Romania.

NEPI and Ovidiu Şandor have completed the office project The Office in Cluj-Napoca

The office project The Office, developed in Cluj-Napoca by the investment fund New Europe Property Investments (NEPI) and the entrepreneur Ovidiu Sandor, with a total rentable area of 59,000 square meters and with a capacity of over 5,000 people, was completed.

Portland Trust Leased 80% of Oregon Park Phase 1

The real estate developer Portland Trust is approaching 80% occupancy of Oregon Park buildings A and B, which consists the first phase of the project’s development.

GTC Invests 89 Million Euros In its Newest Office Project In Bucharest, City Rose Garden

Globe Trade Center (GTC) recently bought a 15,000-square-meter plot of the 6 ha owned by Bluehouse Capital in the area of Bucharest’s Expozitiei Blvd.

Iulius Started Construction Works at the Third Office Building within Openville Timisoara

The work on the third office building in Openville, complex which is being built in Timisoara, has recently started. The building has 14 floors and the works will be completed in one year.

Skanska to Start the Construction of the First Phase of the Equilibrium Office Project in Bucharest

Skanska starts the construction of the first phase of the Equilibrium office project, located in the northern part of Bucharest, in the Barbu Văcărescu - Floreasca area.

GTC buys the Cascade Office Building in Victoriei Square, Bucharest

Real estate company GTC (Global Trade Center), the owner of the City Gate project in Bucharest’s Presei Square, bought from Adval Properties the office project Cascade Office Building on Buzeşti Street, near Victoriei Square, according to market data.

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