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Office Market News

Bright Spaces expands regionally and announces partnership with CA Immo Hungary to digitally showcase 5 buildings

Bright Spaces and CA Immo Hungary partner to transform the local real estate market through the 3D Digital Twin based solution developed by the startup.

Fortim Trusted Advisors recruits Ștefan Oană, former Country Manager of Bluehouse, as Head of Capital Markets

Ștefan Oană, the new Head of Capital Markets, has a Real Estate management experience of over 20 years, of which for 13 years he was Country Manager at Bluehouse, a private equity real estate investment and asset management firm.

Real estate deals worth EUR 1.2 bln under negotiation in Romania

Real estate investment transactions estimated at around EUR 1.2 billion are currently in various stages of negotiation in Romania as the appetite for income-generating assets remains high, according to data from the real estate consultancy company Cushman & Wakefield Echinox.

One United Properties posts a turnover of 136.7 million euro and a gross profit of 78.8 million euro in the first half of 2022

One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office real estate, recorded a consolidated turnover of 136.7 million euro in the first half of 2022, a 54% increase compared to H1 2021.

New property tax rules from 2023

Starting 2023, real estate taxation is changing radically. The main changes consist of increasing the tax rate, for both residential and non-residential buildings, and adjusting the rateable value to which these tax rates apply.

Top cities that attracted the most office tenants in the first six months of 2022

Companies continued to rent higher class A offices for their employees, choosing the university centers of Bucharest, Timișoara, Iași, Cluj Napoca, Brașov and Sibiu. In Bucharest, the demand for offices was five times higher than the cumulative demand in the five big cities, where most transactions took place, according to an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

The Romanian investment market grew in the first half of the year, despite uncertainties about the economic and geopolitical situation

The first half of 2022 closed with a total value of investment transactions worth 336 million euro in Romania, up by c.13% compared to the first semester of 2021, with office assets accounting nearly 63% of volumes, according to Colliers market report for the first semester of 2022.

Bucharest office market Q2: Reduced deliveries and inflation put pressure on rent; Center-West area has become the main office hub

There has only been one office delivery in Q2 2022 in Bucharest, namely the second building (25,000 sq. m GLA) of the AFI Tech Park project located in the Center – West submarket, with the total office stock in Bucharest reaching 3.3 million sq. m. This delivery pushed forward the Center-West area to first place in the top Bucharest office hubs, the stock of 579,600 sq.m overtaking Floreasca – Barbu Vacarescu area, which sums up 569,700 sq.m, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

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