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Office Market News

The GTC Group reports rental income of € 124 million in the first nine months of 2021

GTC, one of the largest real estate developers in Central and Eastern Europe, reported revenues from leases of 124 million euros in the first nine months of 2021, up from 122 million euros in the same period last year. The gross margin from the rental activity is also on an upward curve, reaching 93 million euros, compared to 91 million euros, as recorded in the first three quarters of 2020.

One United Properties posts record turnover of 627.7 million lei in the first nine months of 2021

One United Properties (BVB: ONE), one of the leading green developers of residential, mixed-use and office real estate in Romania, posts a record turnover of 627.7 million lei in the first nine months of 2021, an 87% increase compared to the same period of 2020. After closing Q3 2021, the best quarter in the company’s history, the gross profit for nine months surged to 239.3 million lei, a 186% year-on-year increase.

Sudy: use of electricity to reduce greenhouse gases emissions in industry, buildings and transport can help achieve net zero ambitions

The progressive use of electricity emerges as the most efficient energy vector to achieve net zero ambitions, in particular, in fields such as industry, buildings and transport, as these sectors are the main causes of global greenhouse gases emissions, according to a Deloitte analysis quoted in the B20 Italy Energy & Resource Efficiency policy paper, for which Deloitte has been the knowledge partner.

IWG secures first franchise partner in Romania to open new locations to meet the growing demand for hybrid work solutions

IWG, the largest global operator of flexible and co-working spaces, represented in Romania by the Regus and Spaces brands, opens in a franchise system with partner Transinvest, the first flexible and co-working space in the Transylvanian region, located in Cluj-Napoca.

A lot of talking around ESG, but is Romania prepared for what’s coming?

Top 10 things real estate Investors and Landlords need to know

The medical field has surpassed the IT&C field as a share among the tenants of office space in 2021, on the Bucharest market

The medical field increased as a share from 3% of total office leases in 2019 to 10% in 2020, the first year of the pandemic, and reached 23% at this time, according to monitoring by ESOP Consulting. In addition, there is an increase in total demand from medical companies, which are trading this year, a total of 31,540 square meters of office space in Bucharest, given that they rented 10,280 square meters throughout 2020.

360 ° Investments – The drone designed, built and certified by the SSG Security team

We present, for the first time, one of the solutions developed internally by the Romanian security and protection company SSG Security, in support of the field teams.

One United Properties announces it maintains the existing, single-class share structure

One United Properties (BVB: ONE), one of the leading green developers of residential, mixed-use and office real estate in Romania, listed on the Bucharest Stock Exchange, announces that it will maintain the existing, single-class share structure, which confers one voting right per each share held.

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