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Office Market News

The Romanian real estate investment market exceeded 585 million euros in the first nine months

Total real estate investments in Romania exceeded 585 million euros in the first nine months, according to a study recently conducted by CBRE.

The modern office stock in 15 CEE countries will reach 30 million sqm by 2021

The largest supply of modern office space in 15 CEE countries was recorded in Warsaw, Budapest and in Prague, while the biggest increase of new supply in H1 2019 was noted in Bucharest (185,000 sqm), according to the newest report by real estate consultancy company, Colliers International. On a per capita basis, Bucharest’s office surface is around one third below Warsaw’s, which is also significantly below other Western European markets, so there might be room to grow.

Sanamed to relocate within Business Garden Bucharest office complex, developed by Vastint

Sanamed will relocate its activity starting 2020 in a 3,900 sqm space situated in the Business Garden Bucharest, the office project developed by Vastint Romania.

The Romanian office space market grew by 24% in the first three quarters of 2019

In the first nine months of 2019, the volume of office space rental stands at 339,100 sqm, 65,430 sqm more than last year in the same period, according to an ESOP monitoring of centralized data by the main market brokers. The largest transactions were registered in Bucharest, Cluj-Napoca and Timișoara.

Romania for the eighth time at the EXPO REAL Munich

For the eighth consecutive time, AHK Romania organizes Romania's joint stand at Expo Real Munich, Europe's largest fair for real estate and investment projects.

Ubisoft Bucharest announces its relocation to new office building within J8 Office Park project

Ubisoft Bucharest announces its relocation plan in 2021 to a new office building within the J8 Office Park project located in the Jiu area and developed by the Portland Trust.

Colliers International appoints Kevin Turpin as a Regional Director of Research for Central and Eastern Europe

Leading global commercial real estate services and investment management firm, Colliers International announced recently that Kevin Turpin has been appointed as the new Regional Director of Research for Central and Eastern Europe. He starts his new position on the 01 October and will be based in Prague.

Veeam Software to lease 2,300 sqm offices in Business Garden Bucharest

Veeam Software has leased approximately 2,300 sqm, with possibility of extension, in Business Garden Bucharest, building owned by Vastint Romania in Orhideea area, as part of their growth strategy.
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