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Office Market News

Nearly 11,000 jobs were created in the new office buildings last year

Nearly 30 pct. of the total transactions in 2016, namely 110,000 sqm, represented expansion transactions and new office request, according to CBRE, which totals office space for 11,000 new jobs, considering the average of 10 sqm/employee.

Three in four Romanian employees think there cannot be offices without printers

Around three in four Romanian employees think there cannot be offices without printers, as on average an employee prints 38 pages/day, according to a study.

Immofinanz refurbishes five office buildings in Bucharest

Austrian real estate developer Immofinanz will invest in refurbishing five office buildings in Bucharest, with a total rentable area of 100,000 sqm.

Iulius company completed first A class office building in Openville Timisoara

Iulius Company, the only developer and operator of mixed use projects in Romania, completed the first A class office building of the seven that will be included in the Openville Timisoara, United Business Center 2 (UBC 2).

Ferrero Romania to relocate offices Globalworth Tower

Ferrero Romania, local branch of the Italian sweets producer, will relocate its Bucharest headquarters from City Gate office project in Piaţa Presei to Globalworth Tower, second tallest building in Romania.

Amazon is looking for 10,000 sqm of offices in Bucharest

Amazon, the largest online retailer in the world, wants to lease 10,000 sq m of offices in Bucharest, an area needed to recruit at least 1,000 employees, according to sources close to the company quoted by ‘Ziarul Financiar’.

Carrefour to open 6,500 sqm supermarket in AFI Brasov Shopping Mall

Carrefour has signed a lease agreement with AFI Europe on behalf of AFI Brasov Shopping Mall for the lease of over 6,500 sqm on the ground floor of the mall.

Bucharest’s 5th metro line opening pushed for 2018

The subway line that connects Bucharest’s Drumul Taberei residential area to the city center will only be inaugurated in the second half of 2018, instead of end-2017 as expected, local Economica.net reports.

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