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Office Market News

Data center investors enter race for land plots in Romania

The land market in Bucharest and other regional cities is seeing increasing demand from developers of data centers that want to accommodate growing investments in the country’s IT&C industry, according to a report by iO Partners.

U•Center 2 office building fully leased

Forte Partners announces a 100% occupancy rate for the U•Center 2 office building, which offers a GLA of 35,000 square meters.

Global Vision announces the strengthening of the team with the appointment of Daniela Lazea as General Legal Counsel

Global Vision, a leading real estate and energy company in Central and Eastern Europe, announces the company's appointment of Daniela Lazea as General Legal Counsel. Daniela Lazea will coordinate all legal activities within the Global Vision Group, playing a key role in ensuring compliance and supporting the company's strategic development.

6 out of 10 employees have returned to working full-time in the office

The return to the office continues to grow this year as employees increasingly feel the need for direct interaction with colleagues, and employers implement strategies that encourage a full-time return to the office while balancing the hybrid model. According to a survey conducted by Genesis Property, one of the leading office building owners in Romania, among 1,168 respondents nationwide, nearly 63% of employees are already working exclusively from the office, while 13% opt for a 3-4 days workweek in the office. Additionally, only 10% of respondents continue to work exclusively remotely.

Property investments in Romania soar to €655 million over nine months

Romania's property investment market reached close to €655 million in the first nine months of 2024, up by 169% compared to the same period of last year, according to an iO Partners report.

Henkel becomes the newest tenant of the Equilibrium office project in Bucharest, developed by Skanska

Henkel has rented around 4,000 square meters for its new headquarters located on the 10th and 11th floors of the Equilibrium 2 building, delivered by Skanska in December 2022, according to the online publication profit.ro.

One United Properties contracts development financing for One Technology District

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces a financing facility for the development of One Technology District, the largest semiconductor chip R&D centre in Southeastern Europe currently being developed for Infineon Technologies.

SkyRun 2024 raises €20,000 for charity and sets new records with over 800 participants from six countries

SkyRun 2024, the stair running competition, organised by SkyTower Bucharest, exceeded all expectations, attracting over 800 participants from six countries: Romania, Bulgaria, Austria, Moldova, the UK, and Italy. Originally organised for 700 participants, the final count surpassed this target, including 100 children and teenagers aged 7 to 17, marking the first year that the event opened its doors to younger athletes. The youngest participant was just 7 years old, while the oldest competitor was 77, highlighting the inclusive and multi-generational appeal of the event.

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