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Office Market News

The evolution of the mergers and acquisitions market in Romania decreased by 6.2% in the first 9 months of 2023

The Romanian mergers and acquisitions (M&A) market recorded 124 transactions in the first half (H1) of 2024, with a total estimated value of USD 2.3 billion, down 6% in volume compared to the 132 transactions, estimated at USD 3.7 billion, recorded in the similar period of 2023, according to an analysis by EY Romania sent on Friday.

One United Properties 2023 Sustainability Report: 14 Construction Sites, 900,000 sqm under development, and over 21,000 jobs created

One United Properties (BVB: ONE), the leading green developer and investor in residential, mixed-use, and office real estate in Romania, publishes its fourth voluntary Sustainability Report for 2023. The report highlights the Company's progress in key sustainability areas and covers vast environmental, social, and governance aspects.

Nor Real Estate secures 21 million euro loan from OTP Bank Romania for the @Expo project

OTP Bank Romania has concluded a 21 million euro financing agreement with Nor Real Estate, part of Atenor, for the development and administration of @Expo project phase 1 (B1/B2), a top office building located in the Expoziției area of Bucharest.

Tomcat Hospitality leases a 3,600 sqm retail space at One Gallery, a historic building restored by One United Properties

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the lease of a retail space with a gross leasable area of 3,600 sqm on the ground floor of One Gallery building, including terraces and storage spaces.

Forte Partners, new offices on the site of a former large factory in Bucharest, Adesgo

Forte Partners has started the process of demolishing the former Adesgo factory in the Tineretului area of ​​Bucharest. In its place, a mixed-use project will be developed, including offices and residential . This initiative is added to the U Center office complex, where the first building was purchased by the Pavăl brothers, the owners of Dedeman.

8 out of 10 Gen Z employees believe that working from the office supports faster career development

The office has become increasingly important in the professional development of employees, and the relationship with managers is increasingly important in the decision to work more days from the office. More than 84% of Gen Z employees believe career progression is faster for those who work more from the office compared to those who work from home, according to a Genesis Property survey of 1,247 respondents nationwide. At the same time, nearly 82% of employees of all ages consider their relationship with managers important or very important when making the decision to work more days at the office.

Infinity Cloud Technologies is opening its business in Romania, in Paris Office Building, Sema Parc

The local real estate developer & investor River Development announces the lease of a 1,200 s qm space to the worldwide leading player in the data center industry - Infinity Cloud Technologies, on the ground floor of the Paris Office Building, in Sema Parc. The transaction was brokered by iO Partners.

Three companies have leased spaces with a total area of 5,000 sqm in the Dageco Estate Expozitiei project, since the beginning of the year

In the first months of 2024, three contracts for office and service spaces were signed in Dageco Expozitiei Estate. According to the new transactions, on the ground floor of the main building, a restaurant with an event hall will be opened, with a total area of 1,459 sqm, the educational unit on the premises will expand by 1,500 sqm, and the car showroom will double its current area.

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Alexandra Filip

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