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Office Market News

European Real Estate investors target large cities and assets least disrupted by the health crisis

Real estate investors in Europe are increasingly targeting large cities and assets minimally disrupted by the health crisis which ensure stable incomes, such as logistics and residential, according to the Emerging Trends in Real Estate 2021 report produced by PwC and the Urban Land Institute.

Ways of managing office buildings in 2021

The year 2020 brought a series of radical changes in all areas of activity and irreversibly influenced the way we live, work, and interact. Given that the pandemic continues to cause problems in all types of spaces - industrial, commercial, office - facility managers now have a considerable responsibility in ensuring health safety. This expectation gives them the right time to upgrade their internal systems and take their facility management processes to the next level.

FLASH OFFICE SOLUTIONS offers service packages flexibly tailored to the needs of the companies

The operator of instant office centers and co-working spaces Flash Office Solutions offers a special crisis package of services for small and medium businesses: modular individual offices and co-working spaces adaptable to the number of employees required to be physically present at the office.

These new flats already come with an application!

Kassák Residence, a residential complex in Hungary, awaits its residents with a pioneering community mobile application, here the apartments also come with plenty of community services, of which this application is a part.

Globalworth appoints Marian V. Popa as Managing Director for Romania

Globalworth, the leading office investor in Central and Eastern Europe (CEE), announces the appointment of Marian V. Popa as Managing Director for Romania with effect from 1st March 2021. As Managing Director, Marian V. Popa will be responsible for managing the company’s activities in Romania, focusing on operational, administration and business development matters, and will report to Dimitris Raptis, CEO of Globalworth Group.

Portland Trust Office Developments Set New Safety and Hygiene Standards

Commercial property developer Portland Trust is creating new standards of hygiene and cleanliness at its office developments in Bucharest. Innovative devices minimising the risk of bacteria and virus transmission in elevators join a range of safeguards implemented by the company to protect the health of workers and visitors in response to the Covid-19 pandemic.

Kromberg & Schubert leased 2,000 sq.m. office space in Vox Technology Park

German wire harness systems producer for the automotive industry Kromberg & Schubert leased 2,000 square meters of office space in Vox Technology Park from Timisoara.

M&A activity recorded significant levels in 2020, despite the unprecedented general context

The Romanian mergers and acquisitions (M&A) market recorded91 transactions in 2020, compared to 110, in 2019. According to Deloitte estimations, the total market value, including the transactions with undisclosed values, was of 3.7-4.3 billion euros in 2020 (compared to 4-4.4 billion euros in 2019), while transactions with disclosed value totalled 1.5 billion euros (compared to 1.7 billion euros in 2019).

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