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Office Market News

5G technology, integrated services and virtual office development, among the trends of 2021 in global real estate

The global real estate industry is in a constant process of adapting to evolving market conditions, a changing regulatory framework, and a fast-growing technological landscape.

Vox Property Group contracts a financing of EUR 19.5 million from CEC Bank

Vox Property Group, one of the main real estate developers in the western part of Romania, contracted a financing of EUR 19.5 million from CEC Bank.

McCann Worldgroup Romania will move its headquarters at One Tower office building

One Tower office building developed by One United Properties in the heart of Floreasca neighborhood will host the new headquarters of McCann Worldgroup Romania.

Romanian real estate market exceeded all expectations in 2020

In 2020, the real estate market registered a 32% increase in investments, the largest transactions accumulated over 2020 mil. Eur, the office segment excepts more than 230.000 new sqm this year, the industrial sector achieved an increase of 60% of new leases compared to the previous year, and the residential section noted an increase of up to 20% in prices for luxury housing, according to the annual report of Crosspoint Real Estate.

Atenor sold office project Hermes Business Campus to Adventum Group

ATENOR announces that an agreement has been reached on the sale of the company NGY Properties, owner of HERMES BUSINESS CAMPUS in Bucharest, to Adventum Group and its partners. They are set to acquire, with its Adventum Quartum fund, 100% of NGY Properties.

The first signs of a come-back for the office market: the pre-lease transactions increase and the renegotiations decrease

The volume of leasing transactions on the Bucharest office market increased in the first quarter of 2021 to 48,000 square meters, a 9% decrease from the similar period of the previous year, when the Covid-19 pandemic was still on its onset in Europe, reveals the research data of the real estate consulting company Cushman & Wakefield Echinox.

THETA Furniture & More targets 12 mil EURO in 2021

The company aims to acquire new companies, increase market share up to 11% and a turnover of 25 mil EURO by 2024

Real estate transactions of almost 100 million euros at the beginning of the year

Office buildings and industrial projects, investors' favorites

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Adina Camara

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