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Office Market News

Huawei extends its lease in the Globalworth Tower

Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, extends its lease in the Globalworth Tower building, Bucharest, for an extra of 1,000 sqm of office space. Thus, starting July 2022, Huawei will carry out its activity in a total area of 12,600 sqm in the first building in South-Eastern Europe to receive LEED Platinum.

Genesis Property begins the transformation of Novo Park into YUNITY Park, a campus for the work and lifestyle of the future

Genesis Property, one of the leading Class A office developers in Romania, starts the transformation of Novo Park, located in the northern part of Bucharest, into YUNITY Park, a new real estate concept that will encompass new facilities for the working and urban living trends of the future in a unique space.

Abolition of anti-Covid restrictions removed the Medical-Farma sector from the top of new tenants and encouraged the expansion of IT&C companies in Romania

The IT&C sector has returned to the top of the list of companies that rented office space in the first quarter of 2022, according to a study conducted by Fortim. In 2021, the Medical - Pharma sector ranked first, with 16.9%, followed by IT&C with 16.7%. In 2022, the Medical-Pharma sector will no longer enter the Top 5 fields of activity from which the new requests for space come, accumulating only a percentage of 2% of the rented space market.

Another project developed by Skanska in Romania, Campus 6.2, achieved the WELL Core & Shell certification at Gold level

Campus 6.2, the second phase of the Campus 6 project developed by Skanska in the Iuliu Maniu area, achieves the WELL Core & Shell certification at a Gold level. The project thus becomes the second office building in Romania to hold all three prestigious WELL C&S Gold, LEED Platinum, and WELL Health-Safety Rating certifications, after Campus 6.3 has obtained the same certification at the end of last year.

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.

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Alexandra Filip

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