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Office Market News

River Development signs transaction for selling The Light One office building to the investor UNIQA Real Estate GmbH

River Development, the developer of the two integrated and multi-functional projects - Sema Parc and The Light, signed the transaction for the sale of The Light One building to the investor UNIQA Real Estate GmbH on April 23.

IMMOFINANZ signs the transaction of the year on the post-pandemic office market: 11,000 sqm leased for 25 years

Provita became the new tenant of the giant IMMOFINANZ in the IRIDE | eighteen building, a building that was fully leased by the medical group.

IT giant Tech Mahindra expands its office in Vox Technology Park with 1.500 square meters

IT giant Tech Mahindra expanded its offices in Vox Technology Park from Timisoara with 1,500 square meters, thus reaching a total surface of 2,100 square meters of office space within the project.

Changes in lease agreement terms? Start-up leading the way!

Explosion of teleworking, advent of flex-office, new organization of spaces: the place of the office in the post-Covid-19 economy is clearly being called into question.

One United Properties, at Bucharest Stock Exchange

One United Properties, one of the leading green developers of residential, mixed-use and office real estate in Bucharest, announces its intention to become listed on the Main Market of the Bucharest Stock Exchange, approved in the Extraordinary General Meeting of Shareholders which took place on April 19th.

ISS Facility Services exits Romania

Facility services provider ISS has exited the Romanian market as part of a regional transaction that includes three more Eastern Europe countries. ISS said that the divestments are in line with the company’s strategy to simplify and focus its business on key account customers.

TAROM is looking for tenants for its headquarters in Otopeni

The SARS-COV-2 pandemic has led to problematic results in the office market. Projects blocked from development, lost leases, fierce competition between landlords for companies that are still looking for big spaces for rent.

CEE Tenant Advisors – First Independent Tenant Representation Network in CE

The Coronavirus epidemic is undoubtedly a real hard cost for businesses. The uncertainty surrounding this crisis is prompting companies to find sources of savings to reduce their costs. Rent and office management are the second largest expense item for companies after salaries. It is therefore relevant to ask the question of how to reduce the cost of your premises as much as possible and/or match the current needs of space with the current working constraints.

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Adina Camara

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