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Office Market News

CFOs in Romania expect massive drop in demand, reduction of revenues and number of employees

The perception of the CFOs in Romania regarding the evolution of the main financial indicators of their companies has changed dramatically in only several months as a result of the COVID-19 pandemic, according to CFO Survey Romania, conducted by Deloitte in April-May 2020 based on opinions expressed by CFOs in our country.

Fire protection systems: 10 things to check when closing/opening a commercial, logistics or office space

As COVID-19 continues to close certain logistical, commercial, or office spaces, companies need to ensure that fire detection and extinguishing systems are functional and that they can protect people's lives, the value of stored goods, and the building.

Continental invests over 33 million euros in Timisoara in the research and development center

Continental Automotive Systems has started the works to expand the research and development center in Timisoara. The investment in the new building amounts to over 33 million euros.

GTC invests over 70,000 euros in the five projects in Bucharest, in the context of COVID-19

The real estate developer GTC, active in six countries, has allocated a budget of over 70,000 euros for the five projects owned in Bucharest, in the context of measures ordered by the authorities and in agreement with the tenants, to prevent the spread of the new coronavirus.

The health and well-being of occupants in office buildings

Lots of natural light, intelligent lighting systems, better thermal comfort and increased indoor air quality are three crucial aspects of improving the health and well-being of the occupants of a building.

HAGAG Development Europe to collaborate with Global Vision for H Victoriei 109 office project

The real estate developer HAGAG Development Europe and the company Global Vision have signed a collaboration agreement aimed at providing property management services for the H Victoriei 109 office project. Thus, Global Vision takes over the management of the property located on Calea Victoriei.

Connect44 is expanding and leasing a total of 1,000 square meters in Vox Technology Park

Connect44 Romania rented a total of 1,000 square meters of office space in Vox Technology Park Timisoara. The expansion of an additional 750 square meters was signed in March, the contract being valid for five years, with the option to extend the lease period.

Novo Nordisk has completely leased the 9th floor of the office building Țiriac Tower in Bucharest

The pharmaceutical company Novo Nordisk has completely leased the 9th floor of the Țiriac Tower office building, developed by Țiriac Imobiliare, located in Victoriei Square.

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