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Office Market News

Depanero rented over 4,000 sqm of offices within Sema Parc project

Depanero, the largest electro-IT service company in Romania, has a new headquarters starting this autumn, located in the Sema Parc.

Iulius Town Timișoara reaches 80,000 sqm of premium office space

The fourth office building in the Iulius Town Timișoara complex is operational and consolidates the regional business hub in the urban regeneration mixed-use project to a total leasable area of 80,000 sqm and a 40-plus company from three continents community. United Business Center 0 has a leasable area upwards of 30,000 sqm and accommodates the offices of 15 companies operating in the IT & Outsourcing, automotive and service industry.

Workspace Studio extends its lease term plus its office space on the 18th floor of SkyTower

SkyTower, the tallest office building in Romania, signed a 5-year lease extension contract with Workspace Studio – a company specialized in office design solutions and Certified Dealer of the MillerKnoll group in Romania.

Car parts producer Preh Romania leases 4,500 sqm of office space in United Business Center Iasi

Car parts producer Preh Romania, a division of the global supplier to the automotive industry, has leased 4,500 sqm of office space in United Business Center, the class A office component of the Palas Iasi mixed-use complex. The company will operate there starting in the second quarter of 2023.

Andreea Mihai Joins Hagag Development Europe as Chief Executive Officer

Real estate developer HAGAG Development Europe announces the consolidation of its management team by appointing Andrea Mihai as Chief Executive Officer.

Regional Cities Office Snapshot H1 2022: IT Companies Continue To Dominate The Regional Markets

The office letting market in Romania has shown a decrease of almost 18% of gross take up during H1 2022 compared to H1 2021, even though Bucharest showed a slight increase. Timisoara had by far the largest share in office leasing transactions in regional cities during H1 2022, with almost 20,000 m², or approximately 54% of total office transactions in major regional cities. The second largest market is Iasi, with 10,500 m² (29%), followed by Cluj-Napoca and Brasov.

One United Properties signed 103.400 sqm office lease from January 2020 to date

One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office real estate, announces the signing of lease contracts for 103.400 sqm office space from January 2020 to date

White Star Real Estate partnering with Griffes for leasing and marketing operations of Liberty Technology Park in Cluj-Napoca

Apart from the residential phase, that is already under construction and will totalize 268 residential units to be delivered in 2023, White Star Real Estate is planning to launch the next phases of the development, that will imply a total investment of 75mil. Eur. The projects will be erected on available land of 20,000 square meters and will include 32,000 square meters of office space within three buildings, a kindergarten and 5,000 square meters of commercial facilities.

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Alexandra Filip

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