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Office Market News

Prime Kapital extended its lease in Globalworth Tower, Bucharest

Prime Kapital, an integrated real estate developer, investor and operator, extended its lease in Globalworth Tower, Bucharest. The new deal is signed for an extra of 1.941,5 sqm of office space for the next 5 years.

Speedwell to buy a nine-hectare land plot located on the Griro platform in Bucharest for a new mixed-use project

Real estate developer Speedwell bought a nine-hectare plot of land located in Bucharest, on the Griro platform, one of the largest plots of land available in the capital. Speedwell will build on this land a project estimated at 500 million euros that will include apartments, office and service spaces, leisure facilities and green spaces.

60% of the Romanian Millennials and earliest Gen Zs prefer working remotely with flexible hours no more than twice a week

Six out of ten (60%) Romanian Millennials and earliest members of Gen Z prefer a working arrangement that allows them to work from various locations, including home, during flexible hours, according to the latest edition of Deloitte Central Europe (CE) First Steps into the Labour Market report, conducted in 19 European countries, including Romania.

GTC receives the LEED Gold certification for Cascade Office Building

GTC, one of the leading real estate companies in Central and Eastern Europe, received the LEED Gold certification for Cascade Office Building, located near Victoriei Square, in Bucharest’s Central Business District (CBD).

One United Properties partners up with Raiffeisen Bank International

One United Properties (BVB: ONE), the leading green developer of residential, mixed-use and office real estate, enters an agreement with Raiffeisen Bank International for the provision of capital markets-related services.

Globalworth Achieves Well Health-Safety Rating For Its Entire Office Portfolio

Globalworth, the leading office investor in Central and Eastern Europe and the office market leader in Romania, has earned the WELL Health-Safety Rating for the entire portfolio of almost half a million square meters consisting of 15 office buildings in Romania.

One in three employees is considering a job change in 2022 for reasons related to the office and the company’s work model

Workspaces have remained a decisive factor for Romanian employees in job selection decisions, as the health of offices remains key to regaining employee confidence and the pandemic shows no signs of coming to an end in the near future. Thus, employees’ expectations regarding their workspaces remain high, with more than a third saying they might consider a job change in 2022 based on reasons including safety within the office or their employer’s work system planned for next year, according to a survey of 1,100 employees nationwide conducted by Genesis Property between September and October this year.

GTC S.A. raises c. EUR 123 million via new share issue

Subsequent to the shareholders' decision in June 2021 to increase the company’s capital, GTC offered 55,000,000 O-series bearer shares. On the back of strong demand the Company eventually sold as many as 88,700,000 shares at PLN 6.40 per share, raising new capital of approx. EUR 123 million.

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