One United Properties announces an important financing from Black Sea Trade and Development Bank (BSTDB) worth EUR 50 million. This is a major step in the group’s business strategy and also a confirmation granted by an international financial institution after a process of thorough due diligence and verification of creditworthiness in several segments.
It seems like the entire world has been shut down by the recent coronavirus outbreak. While the situation is unprecedented and dynamic, there are still some ways that property managers can get in front of the challenge and help their tenants stay safe and healthy. This is true for offices but even more true for multifamily and co-living properties, where millions of people are now sheltering in place around the world.
In the last quarter of 2020, in Bucharest there were transactions of office spaces with a total area of 77,000 square meters, the highest quarterly value of the year, thus bringing the annual volume of transactions to approximately 237,000 meters squares, according to the real estate consulting company Cushman & Wakefield Echinox.
The office space market in Bucharest registered in 2020 a total volume of transactions of approximately 240,000 sq m, a level similar to that of 2015, CBRE data show. The local developer One United was, together with the investment funds Immofinanz and Globalworth, among the most active players in the office market, both in the relocation segment and in the segment of existing contract extensions.
Energy efficiency is important for companies in many fields of activity: industrial production, distribution and logistics, construction, and real estate, etc. The performance of energy efficiency depends on the quality of the equipment used, but also on the ability to maintain them in good working order, and here digital technologies and sensors are helpful.
Romania’s commercial real estate investment volume ended 2020 with a volume of €588.5 million*, half versus 2019 but similar with 2015, a starting growth year, according to CBRE Romania Real Estate Market Outlook. For 2021, Romania remains on the radar of investors and the combination of limited supply and better than envisaged demand may trigger surprising movements in pricing.
The real estate consulting company Cushman & Wakefield Echinox has been appointed to manage Floreasca Park office project located in the Floreasca – Barbu Văcărescu area in the north of Bucharest, the largest business hub in the Capital.
When I co-founded Spaceflow four years ago, PropTech (Property Technology) was just starting to get attention. Since then, the market has evolved massively. Back in 2016, we were lucky enough to be one of the first platforms for digitizing life in buildings.
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