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Office Market News

Oregon Park achieved the Well Health & Safety certification

Oregon Park, one of the largest and most sustainable office projects in Romania, owned by the Lion’s Head investment fund, achieved the Well Health & Safety certification, granted by The International WELL Building Institute (IWBI). The certification recognizes the implementation of measures that ensure a work environment with a positive impact over the health and well-being of employees.

Romanian real estate investment market recorded slow transaction activity in H1 2023

The first semester of 2023 closed with a total value of investment transactions worth 168 million euro in Romania, roughly half compared to last year’s level, with industrial and logistics accounting for about 36% of volumes and office for c. 31%, according to Colliers market report for the first half of 2023.

myhive Victoria Park office building will host the largest The Home showroom in Romania

CPI Property Group, one of the largest owners of income-generating real estate in Europe, announces the signing of a 10-year lease, for 3,070 square meters in myhive Victoria Park office building, to The Home, the interior design brand considered a landmark in Scandinavian design.

Local land market sees high interest, but future quarters may have reduced sales

The land market remained very active in the first half of 2023, reaching an estimated turnover of around 250 million euro. This volume includes only transactions involving land for commercial real estate projects in sectors such as residential, office, retail, without segments such as industrial or energy, reveals Colliers in its market report on the evolution of the real estate market in the first semester of this year.

Vastint Romania to expand its IT hub in Business Garden Bucharest

REAL ESTATE NEWS FROM COMPANIES Vastint Romania is expanding its IT hub in Business Garden Bucharest 01 September 2023 romaniainsider Facebook Twitter Google Pinterest Reddit Email LinkedIn Vastint Romania announces the expansion of its tenant portfolio within its office project, Business Garden Bucharest, through a new partnership signed with Reconomy, the leading provider of technology services supporting the circular economy. They will occupy an area of 1,162 sqm, one floor of building C.

Office rents in Bucharest increased by up to 16% in the last 12 months

Office rents in Bucharest increased by up to 15.8% in the last 12 months (June 2023 vs. June 2022), with the prime headline rent in the CBD area (Piata Victoriei – Aviatorilor)reaching €22.00/ sq. m/ month, an increase which also translated to other submarkets, according to data from Cushman & Wakefield Echinox.

Primavera Development is developing 35 villas in the Green Lake residential project, in the north of Bucharest

The real estate developer, Primavera Development, specialized in bold and architecturally distinct real estate projects, is starting the construction of a new phase of the residential project Green Lake, located in the 1st district of Bucharest, with an estimated investment of approximately 30 million euros

MetaWealth Launches $100,000 Giveaway, Making Real Estate Investing More Accessible to the General Public

MetaWealth, the leading fractional real estate investment platform, launched a $100,000 giveaway for its investors who buy a piece of the Cosmopolis and New Confort City residential property package in Bucharest. The initiative, designed to democratize real estate investing, is a continuation of MetaWealth's mission to help people build a better financial future for themselves.

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