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Office Market News

Portland Trust receives two HOF Awards for the J8 Office Park project

Portland Trust announces that its latest office project has been awarded "Best of the Best Office Development" and “Best New Office Leasing Transaction” at the HOF Awards held on 21st April 2022. The Best of the Best Hall of Fame Awards is the climax of the CIJ Awards series, with the regional winning projects and companies from around Central & Eastern Europe competing against each other.

ALTIUS relocated its offices to One Tower building

ALTIUS, leader in the Romanian veterinary market, has relocated its offices to the One Tower building, one of the first green buildings in Romania, starting April this year.

Revetas Capital to buy Romanian Maurer Group

The Romanian Competition Council said it was assessing the transaction through which Revetas Capital Fund III intends to take over domestic residential developer Maurer Group.

Green spaces have become the most sought after facilities offered by business parks

Even though the pandemic crisis has slowed the pace of construction of new office buildings, those delivered during the pandemic, or which are now under construction, have adapted to the new demands from tenants. As a result of the cessation of the state of alert starting with 09.03.2022 and the lifting of the restrictions for limiting the spread of Covid-19, the companies started to implement the plans for the gradual return of the employees to the headquarters.

Globalworth awarded LEED PLATINUM for four office buildings Romania

Globalworth has recently announced that the company has been awarded LEED v4.1 O+M recertification for its office projects City Offices, Green Court, A, B and C in Romania.

Cushman & Wakefield Echinox: The total value of the appraised assets increased by 40% in 2021 due to adding larger projects in the portfolio

The valuation department of the Cushman & Wakefield Echinox real estate consultancy company appraised over 380 properties with a total value of 5.5 billion euros in 2021. The valuation department’s portfolio increased by 10% in terms of the number of properties, while the total value of the appraised assets increased by 40%, due to adding larger projects in their portfolio.

The GTC Group reports a net profit of 43 million euros in 2021

The GTC Group made a profit of EUR 43 million in 2021 amid EBITDA growth adjusted to EUR 113 million, compared to EUR 105 million in 2020.

Romanian real estate investment market still has the resources to cross the EUR 1 billion milestone in 2022

Given the high activity levels seen at the start of the year, with several deals already closed or signed in the first month, investment volumes in Romania could finally exceed 1 billion euro în 2022, according to the 2021 annual report released by Colliers.

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