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Office Market News

Portland Trust announces new tenants in J8 Office Park, project scheduled for completion in the summer of 2021

The real estate developer Portland Trust announces the leasing of an area of ​​2,500 square meters, located in building A of the J8 Office Park project, to Euroins Romania, the second largest insurer on the local market.

EBRD sells stake in Globalworth to a Consortium that already owns major stake in developer

The European Bank for Reconstruction and Development (EBRD) has decided to sell its 5% stake in Globalworth, the biggest owner of office buildings in Romania, for approx. EUR 77.5 million.

One United Properties entered into a financing agreement of EUR 78 million for One Cotroceni Park project

One United Properties S.A., one of the leading green developers of residential, mixed use and office real estate in Bucharest, announces entering into a financing agreement for up to EUR 78 million for the office component at One Cotroceni Park project.

Transactions totaling 300 million euros have been closed in H1 2021, backed by the increasing office appetite of the Austrian investors

The total value of transactions with commercial real estate assets in Romania reached 298 million euros in the first half of 2021, a 23% decrease compared to the same period of last year, the market being supported primarily by the return of the Austrian investors’ appetite for office buildings, according to the Romania Investment Marketbeat, launched by the Cushman & Wakefield Echinox real estate consulting company.

Deutsche Bahn Cargo Romania to relocate its offices at One Cotroceni Park

Deutsche Bahn Cargo Romania, the Romanian subsidiary of the largest railway carrier in Europe, will move its headquarters in the office building part of the innovative One Cotroceni Park project, developed by One United Properties on the site of the former Ventilatorul platform.

Hotspot Workhub - a premium space for event organizers

The newest and most modern flex office space in Bucharest, Hotspot Workhub, the only location of this type that is under the certification of BREEAM Excellent and WELL Health & Safety in Romania, opens its doors to event organizers looking for a premium location.

The office rental market in Bucharest is recovering

The office market is showing signs of recovery, recovering in the first half of 2021 half of the fall due to the pandemic, according to an analysis conducted by the company ESOP Consulting, based on data from the forum of large real estate agencies.

Romania ranks 3rd among CEE countries with over 300 sustainably-certified properties between 2010-2020

Over 300 buildings and real estate properties were certified as ‘green buildings’ between 2010-2020 in Romania, a period that marked the first decade of sustainable development. Romania ranks 3rd among CEE countries, after Poland (1232 certificates) and Czech Republic (422). The next positions are occupied by Hungary (232) and Slovakia (124). The accelerated growth is deemed to continue, as green building becomes a strategic tool in reaching EU Green Deal targets – according to the BuildGreen 2020-2020 Sustainable Development Report.

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