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Office Market News

Speedwell to refinance the loan granted by BRD Groupe Société Générale for the Record Park Offices project

Reff & Associates | Deloitte Legal provided legal assistance to the Belgian developer Speedwell in refinancing the loan granted by BRD Groupe Société Générale for the development of the Record Park Offices project located in the central area of Cluj-Napoca, which includes a residential component, offices and co-working areas, retail and leisure spaces.

One United Properties posts turnover of 434 million lei and net profit of 147.5 million lei in the first half 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 434 million lei in the first six months of 2021, a 96% increase compared to the same period of 2020.

Atenor sold its office project DACIA ONE to Paval Holding, Dedeman owner

ATENOR announces that an agreement has been concluded with Paval Holding, the owner of Romanian DIY retail business “Dedeman”, for the sale of its Romanian subsidiary Victoriei 174 B.D. srl . The target company owns DACIA ONE, located in the historic centre of Bucharest.

Țiriac Tower - the newest office building in the center of Bucharest reaches an occupancy rate of 75% before its completion

Țiriac Imobiliare, part of the Țiriac Group, is completing the works for the Țiriac Tower office building, one of the reference buildings in the center of Bucharest. The premium office project reached an occupancy rate of 75%, prior to its delivery.

The modern office stock in Bucharest has exceeded 3 million square meters

Office market activity remained relatively low in the first half of 2021, with limited signs of a return to pre-pandemic levels, as companies are still unclear as to when most employees will return to office, according to the Colliers market report for the first half of 2021.

The office building Mendeleev Office 5 reaches an occupancy rate of 95%

Mendeleev Office 5 office building, developed by Akcent Development in the center of the Capital and managed by the Asset Services team of Cushman & Wakefield Echinox, has attracted a new tenant, the advertising agency Jam Session Agency, reaching an occupancy rate of 95%.

Commercial real estate transactions in Romania could reach EUR 900 mln this year

The volume of transactions with commercial real estate projects could amount to EUR 900 mln this year in Romania, a level similar to that recorded in 2020, according to firm JLL.

THETA Furniture & More invests EUR 4 mil. in a new production factory

THETA Furniture & More, one of the largest players in the interior fit-out segment in Romania, announces the start of construction works for its new production factory, near Bucharest, with approximately 5.000 sqm capacity. Using cutting-edge technology, the factory will produce custom-made furniture and it is planned to start operations early 2022.

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