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Office Market News

The land market in Romania just had one of its most active years in history

The volume of land sales for commercial real estate projects in Romania (excluding for traditional industrial and logistics projects) reached approximately 450 million euros in 2022, down from almost c.800 million euros a year earlier, according to Colliers estimates.

SkyTower signs new leases and welcomes three new tenants: ZoidPay, Kubeark and Certion

SkyTower Building, the tallest office building in Romania, has concluded three new lease contracts, welcoming Romanian start-up ZoidPay, software developer Kubeark and real estate developer Certion as the tower’s new tenants. Together, the three new tenants have contracted a total office space of almost 2.000 sqm.

BAT Global Business Solutions to relocate to One Cotroceni Park office development

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the conclusion of a new important leasing contract in the office segment: Global Business Solutions (GBS), the largest shared services centre of the BAT group and one of six globally, is moving its offices from Romania to One Cotroceni Park, Phase 2.

One United Properties acquires three historic buildings in the centre of Bucharest for new development, One Downtown

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the acquisition of three historical buildings in Bucharest with the purpose of restoring and transforming them into a new development of the company - One Downtown.

GTC welcomes Regus, part of IWG, as new tenant in City Gate

GTC Romania, a leading real estate company in Central and Eastern Europe, has signed a long-term contract with Regus, part of IWG, the world’s largest provider of hybrid working solutions, which will occupy 1200 sq m in the City Gate South Tower, starting June 2023.

HOTSPOT SKYHUB is becoming the most attractive coworking space in Bucharest through three key aspects – panoramic view, technology and comfort

Hotspot, the specialist in premium coworking spaces, developed by German Real Estate Consultants - REC Partners - recognized at European level, inaugurated a new flexible workspace - Hotspot Skyhub - located on the upper floors of Orhideea Towers.

The vacancy rate for newly built modern offices is almost half compared to those of older buildings

The vacancy rate of modern offices, constructed in the last 10 years in Bucharest stood at around 10% mid-2022 compared to almost 18% for the buildings that were delivered up to 2012. This major difference highlights the qualitative improvements of offices delivered in Romania, as older and well-positioned buildings have also managed to age quite well.

NORD EVENTS CENTER by Globalworth – The most technologized conference center in Bucharest was launched

Globalworth, the leading office investor in Central and Eastern Europe (CEE) and the leader of the Romanian office market, announces the launch of the newest, the most technologized and complex conference center in Bucharest: NORD EVENTS CENTER by Globalworth.

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Alexandra Filip

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