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Office Market News

eMAG Sets Up Headquarters in Globalworth Square in largest lease deal of the year

Globalworth, the preeminent office investor in Central and Eastern Europe (CEE) and the forerunner in the Romanian office market, announces it has signed an agreement with eMAG, CEE’s largest ecommerce platform, as a tenant in Globalworth Square.

Romanian real estate group ONE sells One North Gate office building in Bucharest

Real estate developer One United Properties (BVB: ONE) has informed its shareholders of signing an agreement to sell an office building owned by One North Gate, in which the company holds a 76.39 pct stake.

WNS Global Services extends their lease contract for the offices in West Gate Business District

WNS Global Services, a global leader in Business Process Management (BPM), extends their lease agreement for 3,800 sqm of office space in the H5 building located in the West Gate Business District complex.

Belgrade is the Real Estate capital

The month of June in Belgrade has long been reserved for the world of real estate. Belgrade invites and expects participants who will come to visit the REBEC event.

sennder chooses One Cotroceni Park to bolster its position in Romania

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces that sennder, Europe's leading digital freight forwarder, which entered the Romanian market in spring 2022, has chosen following CBRE's advisory the One Cotroceni Park office development to be its new employee-centric harbor as part of its ambition to bolster its position in Romania.

NEPI Rockcastle Strides into Q1 2023 as Net Operating Income up 27% to €120 mln, Robust Growth in Sales, Footfall and Spend

NEPI Rockcastle (NRP.AS) (JSE.NRP), Europe’s third largest listed owner, developer and manager of retail properties by portfolio market value at €6.6 billion, and the largest in Central and Europe, generated a 27% rise in net operating income (NOI) in the first quarter (Q1) of 2023 versus Q1 2022, to €120 million. The sharp uptick in performance extends the trend that was accelerating through 2022 and was driven by higher base rents, tight management of operating costs and an €8.8 million contribution from the three acquisitions - Forum Gdansk Shopping Center, Copernicus Shopping Centre, 50% of Ploiesti Shopping City - made by the Group in the second half (H2) of 2022. The increase in NOI was 17% on a like-for-like (LFL) basis.

The Center – West submarket has become the main office hub in Bucharest

The Center – West area (Politehnica, Orhideea, Cotroceni) has become the largest office hub in Bucharest, overtaking the Floreasca – Barbu Vacarescu submarket in Q1 2023. This situation is expected to remain constant on a medium term at least, given the plans announced by developers, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

One United Properties posts a consolidated turnover of EUR 89.3 million

One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office real estate, posts a consolidated turnover of 89.3 million euro in Q1 2023, a 27% increase compared to Q1 2022.

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Adina Camara

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