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SkyTower signs 10-Year Lease with CAFÉLIER

SkyTower Building, the tallest office building in Romania, signs a new 10-year lease contract with CAFÉLIER – a premium specialty coffee shop operator offering a wide range of specialty coffees, artisanal sweets, and drinks.

Top cities that attracted the most office tenants in the third quarter of 2022

Across the country, in the last three months, companies have leased modern offices with a total area of 108,747 sqm, both new offices and contract extensions, up 9% from the same quarter of 2021, according to an analysis by Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.

Nooka Space start-up brings innovation to airport terminals by introducing the concept of flex office booths on demand

Nooka Space, the company who designed the first smart proximity office network in the world, back in 2020, introduces the concept of flex office on demand in airport waiting areas, to provide passengers with private spaces to work or relax, while waiting for their flight. As such, Nooka Space launches Nooka Air, a smart office booth designed to offer better airport experience during the waiting hours in terminals.

Hermes Business Campus, the first Access4you® certified office complex in Romania for disabled people

The Hermes Business Campus office project, part of the Hungarian real estate investment fund Adventum Group’s portfolio, has achieved the Access4you® certification, becoming the first complex in Romania to hold accessibility certification for wheelchair users, the Elderly, people with limited mobility, and people with strollers.

Real estate assets’ values in Romania are under pressure amid accelerating growth in government bond yields

Romania’s 10-year Eurobond yield has recently surpassed the 8% level compared to below 2% three years ago, while for countries in the region, as well as for major economies such as Germany, the increase has been significantly lower.

The Real Estate and Construction sector has attracted around 12 billion euros of FDI in the last 10 years

The real estate and construction sector has attracted around 12 billion euros of foreign direct investments (FDI) in the last ten years, as the share of this economic activity in the overall FDI stock increased to a level of 17.4% at the end of 2021, compared with 9.2% in 2012, according to data from the National Bank of Romania analyzed by the Cushman & Wakefield Echinox.

Alpha Bank Romania leases 5,000 sq m in GTC office building City Gate Bucharest

GTC real estate company has announced one of the most important lease transactions of the year. Alpha Bank Romania, part of Greek Alpha Bank Group, will be relocating part of its operations to City Gate North Tower starting January 2023.

PPF Real Estate Launches Works on Bucharest ARC Project

PPF Real Estate announces the launch of the first stage of the ARC office development project by clearing the existing structures on the site. The company has acquired a construction site in an extended Bucharest center with a building permit. The planned ten-story class A office building is due for completion in 2025.

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