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Office Market News

One United Properties posts a consolidated turnover of 171 million euros and a gross profit of 69.8 million euros in H1 2023

One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office real estate, posts a consolidated turnover of 171 million euros in H1 2023, a 26% increase compared to H1 2022.

SPEEDWELL and Garanti BBVA sign a new financing agreement for the third building of THE IVY project

SPEEDWELL and Garanti BBVA sign a new financing agreement for the third building of THE IVY, the premium residential project in northern Bucharest

Colliers’ Property Management division manages annual budgets of over 26 million euro

Colliers Romania manages over 680,000 square meters of real estate in Bucharest, Cluj-Napoca, Timisoara, Brasov, and Arad, of which 590,000 square meters are offices and the rest industrial warehouses, providing asset management and administration services for annual budgets of over 26 million euro. In regional cities, Colliers consultants are seeing increasing numbers of developers and owners choosing to optimize building management and maintenance costs by outsourcing such services.

Romania Real Estate Investment Volumes Q2 2023

Romania's total investment volume reached EUR 183.8 mln. in H1 2023, a 43% decrease when compared with the amount transacted in the first half of the record year 2022.

Housing in Romania continues to be among the most affordable in Europe

Romania ranks third in the top of the European countries with the cheapest housing, after Bosnia and Herzegovina and Greece, with an average price of 1,417 EUR/sqm for a new dwelling, up from 1,266 EUR/sqm in 2021, according to Deloitte Property Index 2023, conducted in 27 countries based on data from their main cities and towns.

First Bucharest Residential Building with Dual Green Homes and BREEAM Excellent Certification

The need for environmental protection, recognized and enforced by responsible committees at the European level, is also evident when it comes to construction, starting from the early design stage and assessed through certification systems that measure and establish their environmental performance.

Proposed fiscal measures may cause RON 7 billion annual revenue loss in Real Estate sector

In a position letter submitted to the Romanian Government, the Association of Real Estate Investors in Romania (AREI) estimates that the proposed fiscal measures targeting the Real Estate and Constructions industry could lead to RON 7 billion in losses from the revenues generated annually to the state budget, the equivalent of a 10-12%decrease in business volume.

SPEEDWELL takes one more step towards sustainability

SPEEDWELL, one of the most active real estate developers in Romania, publishes its 2022 Sustainability Report, the first official ESG reporting document of the company. The report emphasizes core sustainability pillars, identified in relation to stakeholder consultation and global best practices. Furthermore, it highlights the sustainability initiatives undertaken and planned by the company and their relation to business operations and growth. Concomitently, SPEEDWELL announces its Sustainability Strategy, the company’s blueprint for sustainability, risks, and opportunities, emerging from both the strong business and sustainability performance of the company in the past few years on the local market.

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