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Office Market News

One Cotroceni Park obtains the building permit for the residential component

One United Properties company obtained the building permit for the residential component of the One Cotroceni Park project, a real estate project with a mixed function, currently under development on the site of the former Ventilatorul platform.

Globalworth releases the 2020 annual report

Globalworth, the leading office investor in Central and Eastern Europe, has released its Annual Report and Audited Consolidated Financial Results for the year ended 31 December 2020. The company’s clear strategic approach to the COVID-19 business recovery process has resulted in balanced growth, with a net operating income increased by 6.5% to €157.3 million and a total combined portfolio value which remained effectively unchanged at €3.0 billion.

RE/MAX launches two new offices on the local market, in Bucharest and Timiș

RE/MAX Romania launches two new offices on the local market: RE/MAX Magnum, the fourth unit under this name opened in Bucharest, and RE/MAX Right Choice, office launched by Gianina Berberic in Lugoj, Timiș County.

German group REHAU put on sale its properties in Bucharest and Cluj

The German group REHAU has put on sale its two production units in Cluj (Apahida) and Bucharest (Tunari), as part of the relocation process of REHAU Romania offices in central locations and the construction of the new hub in Sibiu by the end of 2022, appointing the real estate consulting company Cushman & Wakefield Echinox to manage the sale process.

Who should be in the driving seat of the real estate innovation

The prolific change of 2020 has shaped the real estate industry more than anything else in decades. The digitization had been underway before the pandemic, but the speed of that shift has accelerated in ways that nobody could have predicted.

IMMOFINANZ acquires Bucharest Financial Plaza and plans renovation into a sustainable myhive landmark building

IMMOFINANZ has acquired the Bucharest Financial Plaza office building, in a prime central location close to the historic center of Bucharest. The property is being sold by Banca Comercială Română (BCR), the largest financial services group in Romania and a subsidiary of the Austrian Erste Group Bank. The building, with gross rentable space of around 27,700 sqm (post-conversion), was BCR’s head office until last year. The costs of the transaction amount to approximately EUR 36.0 million.

Portland Trust announces achievement of the WELL Health-Safety Rating for EXPO BUSINESS PARK

Portland Trust announced that it has earned the WELL Health-Safety Rating for its EXPO BUSINESS PARK in Bucharest through the International WELL Building Institute (IWBI). The WELL Health-Safety Rating is an evidence-based, third-party verified rating focusing on operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment now and into the future.

Crystal Tower, the next 'home' for your business

Featuring modern, sophisticated and elegant architectural design and endowed with the first rooftop heliport, Crystal Tower office building has become a landmark in Bucharest, attracting over the past year tenants such as Ceetrus Romania, Editec and Reckitt Benckiser.

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Alexandra Filip

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