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Office Market News

Romania leads the world in tokenizing Real Estate

MetaWealth, the Fintech startup with offices in Bucharest, Dublin and Toronto, has sold its first real estate asset to 153 retail investors from Romania, Cyprus, Austria, Switzerland, the UK, Denmark, Belgium, the Netherlands, the Czech Republic, Canada, Sweden, and Greece, for a combined value of USD 2.14 million.

Beiersdorf is relocating to a new office building developed by Primavera Development in central Bucharest

CBRE assisted Beiersdorf Romania in the transaction process of finding and renting the space dedicated to the new office as well as the most suitable building for a company that is focused on sustainability. The German top player in Skin Care with iconic brands such as NIVEA is moving its office to a new class A building, D’OR, developed by Primavera Development.

Iulius opens Palas Campus, largest office building in Romania, after EUR 120 mln investment

Iulius Company opened Palas Campus in Iasi, eastern Romania, on April 25 - an urban regeneration project promoted as the largest office building in Romania. The investment amounted to over EUR 120 million, being the largest private investment in Iasi in the last decade, according to the developer..

Investments on the real estate market in Romania exceeded EUR 1.26 billion in 2022

During a tumultuous 2022, marked by global political and economic instability, the Romanian real estate market has been put though a set of trials, with some outperforming sectors while others struggling to adapt to changes which no longer seem temporary. 2023 has started on a temperately optimistic note, with an overall approach governed by cautiousness and well-thought business decisions.

The Ministry of Transport and Infrastructure – the first anchor tenant in the London office building in Sema Parc

The developer River Development announces the lease of a 3,780 sqm space to the Ministry of Transport and Infrastructure, in the London office building in Sema Parc, following an auction process in which it participated and was declared the winner.

SENARIA, construction project management services of 1 million euros in Q1 2023

SENARIA, one of the most dynamic local construction project management companies, ends the first quarter of 2023 with a 25% increase YoY. In the first quarter of this year, SENARIA contracted projects for the services provided in the amount of 1 million euros thus predicting at least a doubling of the turnover compared to 2022.

Playtika Romania renews lease in Vastint Romania’s Timpuri Noi Square office project

CBRE, the leader of the real estate consultancy market, assisted Playtika Romania (Playtika), a mobile gaming entertainment and technology market leader, in determining the most efficient real estate strategy in terms of operations and cost efficiency. The consultancy firm performed a complex analysis and provided relevant data that considered all the suitable alternatives in the market and studied the group’s growth strategy and employees’ preferences.

One United Properties sold all the shares of One Herăstrau Office

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the signing of a sale agreement for all the shares of One Herăstrău Office S.A. to a private investor. The value of the transaction amounts to 21 million euros. One United Properties was assisted in the transaction by JLL Romania.

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