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Increasing construction costs, the biggest challenge of 2022 for real estate companies in Romania and other countries in the region

The increase in construction costs represents the biggest challenge of 2022 for 90% of the real estate companies in Romania and in other countries in this region of Europe, according to the Deloitte Real Estate Confidence Survey for Central Europe 2022, conducted in the second quarter of this year in Romania, Poland, the Czech Republic and Hungary.

THETA Furniture & More officially inaugurated the new custom-made furniture production factory

THETA Furniture & More, one of the most significant Romanian integrators of interior design solutions, officially opened the doors of the new custom-made furniture production factory, in Păulești, Prahova County.

NEPI Rockcastle Announces New Management Team

As of June 1, 2022, the Board of Directors of NEPI Rockcastle has decided to permanently appoint Rüdiger Dany as Chief Executive Officer (CEO) and Eliza Predoiu as Chief Financial Officer (CFO).

One United Properties shares will be included in the FTSE EPRA Nareit EMEA Emerging index as of June 20th

The shares of One United Properties, the leading green investor and developer of residential, mixed-use, and office real estate, will be included, as of June 20th, 2022, in a new FTSE Russell index: the FTSE EPRA Nareit EMEA Emerging index. FTSE Russell made the announcement following the quarterly adjustment.

ENEVO Group has a new office in the AFI EUROPE project AFI Lakeview

ENEVO Group moves its office within the AFI Lakeview owned by AFI EUROPE and located in the Floreasca-Barbu Vacarescu area in Bucharest, one of the main office hub in the country, in a transaction brokered by the real estate consulting company Cushman & Wakefield Echinox.

Equilibrium 2, the first office building in Romania to obtain RoGBC - Net Zero Carbon Buildings preliminary certification

Equilibrium 2, the second phase of the Equilibrium project developed by Skanska in the Barbu Văcărescu - Floreasca area, obtains the preliminary Net Zero Carbon Buildings certification, granted by the Romania Green Building Council. Thus, Equilibrium 2 becomes the first office building in Romania to obtain the new certification.

Glovo moves its headquarters to U • Center office building

Glovo will coordinate its operations, starting with the second half of 2023 from the rented space in the second phase of the U • Center office project, developed by Forte Partners in Tineretului area of Bucharest.

The office market regains its strength, still remains under pre-pandemic level

The total leasing volume in Q1 2022 in Bucharest amounted to nearly 65,000 sqm, similar to the same period last year, but 10,000 sqm more than in Q1 2020, according to research data from Crosspoint Real Estate.
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