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Office Market News

One United Properties posts revenues of 1.1 billion lei and gross profit of 604 million lei in 2021

One United Properties (BVB: ONE), the leading green developer of residential, mixed-use and office real estate in Romania, recorded revenues of 1.1 billion lei in 2021, 105% increase compared to the 2020 result, a historical milestone for the company. The gross profit surged 192%, reaching 603.5 million lei.

Top 5 reasons to review conditions on the office market

By the end of 2022, only six office buildings totaling just 135,700 sq m GLA will be added to the Bucharest’s modern stock, slightly increasing it up to 3.33 mln. sq m. 65% of the future new supply is part of the West - Central sub-market where AFI, One United Properties and River Development are preparing to bring to the market three new schemes.

Sameday is the newest tenant of Globalworth Square, occupying more than 4,200 sqm

Globalworth, the leading office investor in Central and Eastern Europe (CEE) and the leader of the Romanian office market, announces the signing of a new lease contract for Globalworth Square. Sameday, one of the leaders in the courier market in Romania, became a tenant of Globalworth Square, the most technologically advanced office building in the Globalworth portfolio. Starting with November 2021, the lease was signed for 5 years for an area of 4.259,04 square meters GLA.

Fortim, member of the BNP Paribas Real Estate Alliance, extends its portfolio of Property Management by two buildings in Cluj

Fortim, member of the BNP Paribas Real Estate Alliance, has concluded a property management, for the Maestro Center office building in Cluj-Napoca and for the Tureni Industrial Park, in Cluj County.

The Țiriac Tower building is supplied 100% with energy from renewable sources, sustainably serving over 800 people

Ţiriac Tower, the office project developed by Ţiriac Imobiliare in Victoriei Square in Bucharest, is constantly expanding. So far, 9 companies with a total of 833 employees work in the building in the center of the Capital, at the highest COVID-19 prevention standards implemented among office buildings in Romania, also confirmed by the international certification Health Health - Safety.

The Romanian investment market recorded transactions of almost 900 million euros in 2021

The total value of real estate investments approached 900 million euros in Romania in 2021, more than a third of the traded amount being registered in the last three months of the year, according to Colliers Romania consultants.

The local mergers and acquisitions market was dominated in 2021 by strategic investors, and the most active sectors were real estate, energy and technology

Strategic investors were the most active buyers on the local mergers and acquisitions market (M&A) in 2021, with over 60% of the total number of transactions, followed by institutional and private investors (20%) and private equity firms (17%), according to a Deloitte Romania analysis.

Grivalia investment fund is selling a real estate portfolio of over 65 million euros

The Greek investment fund Grivalia has decided to sell its real estate inherited from the Eurobank group in Bucharest and Iasi, valued at over 65 million euros, according to Profit.ro.

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