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Office Market News

One United Properties has ongoing office projects of 150,000 sqm, totaling investments 220 million EUR

One United Properties, a company with Romanian capital, has ongoing office projects of 150,000 sqm for the following three years, totaling investments of 220 million EUR.

The subway will have a new station near the southern Ring Road of Bucharest

The Ministry of Transport, Metrorex and the City Hall of Sector 4 signed a Protocol on Tuesday on the construction of a subway station at the ground level, located between the Berceni subway station and the Ring Road.

The evolution of the Bucharest office market can impact values with plus or minus 5%

Bucharest’s modern office stock increases with over 500,000 sqm in 2019 and 2020. According to analyses by real estate consulting company Colliers International Romania, these dynamics of the office market could generate variations in the office buildings’ market values of plus or minus 5% during the indicated period. To measure these possible changes, three factors were considered: the average vacancy rate, the level of the incentives packages that owners offer to tenants and yield compression.

Don't miss the most important event of the specialists in Facility & Property Management!

Facility & Property Management Conference returns with a new edition on November 6 at the JW Marriott Bucharest Grand Hotel and will bring together owners, tenants and specialists in the maintenance and management of commercial buildings, the main topic of discussion being the DIGITALIZATION OF WORKPLACES AND THE TRANSFORMATION OF BUILDINGS.

Mihai Păduroiu, appointed CEO, Office Division One United Properties

One United Properties announces the appointment of Mihai Păduroiu as CEO of the office division, starting November 1, 2019.

inSIGN studio will propose the new design concept for the building in which Radisson Blu Bucharest Hotel operates

Studio inSIGN - a member of Noblesse Group International - has been selected by the owner of the building in which Radisson Blu Bucharest operates, to propose the new design concept of the future rooms related to the potential expansion.

AFI Europe Romania announces the renewal and expansion of the lease agreement with Microchip Technology in AFI Park 1 office building

AFI Park 1, part of the complex AFI Park 1-5, announces the renewal of the lease agreement with Microchip Technology and the extension of the rented office space with 1,200 sqm. Currently, AFI Park buildings 1-5 have an occupancy rate of 100%.

Morgan Stanley’s real estate division takes over America House office building in Bucharest from AEW

Morgan Stanley’s real estate investment division, in partnership with a group of Israeli investors, has purchased the America House office building from French investment fund AEW, according to a statement from Clifford Chance Badea law firm, which assisted AEW.

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