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Office Market News

CBRE recruits new talent, Mihai Patrulescu, to lead the Investment Properties department

CBRE continues its rapid development and strengthens its Romanian management team with the recruitment of a new talent, Mihai Patrulescu, to lead the Investment Properties department.

Rent Rolls – How to get the most out of your data

Whether you are a property owner or a property manager, steady rental income equates to a well-streamlined cash flow. The rent roll data builds the foundation for day-to-day operations in asset and investment management. They also built the foundation for the valuation of the asset. Therefore, accurate and consistent data is crucial to make the right decisions.

What areas do office tenants come from: a growing sector is e-commerce

The domains from which office tenants come are balanced in weight. A new, niche sub-domain, that of e-commerce, is growing and giving a boost to the field of professional services, to which it belongs, according to the monitoring carried out by ESOP Consulting in 2020 and in the first month of 2021.

Investment volumes in Romania reached 8.5 percent of the total Eastern European market, almost double compared to 2019

The Romanian real estate investment market grew in 2020 despite the pandemic context and closed the year with a total value of investment transactions worth almost 900 million euro, which represents almost 8.5 percent of the total 10.4 billion euro investment volume recorded by the 6 largest countries in Eastern Europe, according to Colliers latest report.

EUR 50 M Financing For One United Properties From Black Sea Trade And Development Bank

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.

How to keep apartment and co-living residents well-informed during COVID-19

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.

Bucharest office market registered a consistent return of demand in the last quarter of 2020

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.

In 2020, over 240,000 sq m of office space were traded

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.

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