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Office Market News

Companies have increased their demand for qualitative offices, in Bucharest

The best quality offices continued to have a strong demand on the local market which will determine that the request for development or refurbishment projects remain high, despite overall levels falling, shows the data of CBRE, global and national leader in commercial real estate services and investments.

GTC signs a long-term contract with British Council, to open a new learning centre in City Gate South Tower

GTC Romania, the leading real estate company in Central and Eastern Europe, announces the signing of a long-term contract with the world-leading cultural organization British Council in opening a new centre in north Bucharest, in the City Gate South Tower. Covering over 430 square meters, this is the first such centre in British Council's new approach regarding its presence in Romania. The transaction was brokered by real estate consultancy CBRE.

The largest business hub in western Romania, in Iulius Town Timișoara

The largest business hub in the western part of the country, developed by IULIUS Company in the Iulius Town mixed-use complex, brings together some of the world’s strongest ‘intelligence’ providers in the automotive and technology industry.

Globalworth secures new lease agreement with Banca Transilvania

Globalworth, the leading office investor in Central and Eastern Europe (CEE) announces today the signing of a lease agreement with Banca Transilvania. This agreement highlights one of the largest office leases in Romania this year, underlining the dynamic real estate market in the country and Globalworth’s leading role within it.

COS Invests 1.6 Million EUR to Launch a R&D Workspace Centre in Northern Bucharest

COS, the pioneer of the Romanian fit-out market, continues its national development strategy and announces the premiere launch of a Research & Development (R&D) workspace Centre in the Northern area of Bucharest, following a 1.6 million EUR investment. MASIA, the new 2.000 sqm space, is designed to function both as a serviced space for tenants and as a test space for customers` future work setups.

Sensience moves to the Maestro Business Center office building, in Cluj-Napoca

Sensience, a former Emerson division, bought by the One Rock Capital Partners investment fund, has leased a 386 sqm office space in the Maestro Business Center, a building located in the center of Cluj-Napoca. Advisory services for the lease transaction were provided by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

Romanian real estate investment market closed the first quarter in 2023 with transactions worth EUR 120 mln

The first quarter of 2023 closed with a total value of investment transactions worth 120 million euro in Romania, almost double compared to the first three months in 2022, with industrial and logistics accounting for about 50% of volumes and office for approx. 40%, reveals Colliers in its latest “CEE Investment Scene Q1 2023” report.

Doron Klein has been appointed as Deputy CEO of the international AFI Europe group

Doron Klein, CEO of AFI Europe Romania and The Czech Republic, has been appointed as Deputy CEO of the international AFI Europe group, in addition to his current position.

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