The office stock in the Center-West area of Bucharest, near Politehnica University, will surpass the existing stock from Floreasca-Barbu Văcarescu (which has been the main office hub in Bucharest for eight years) in 2022, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
Real estate developer Hagag Development Europe announces the lease of approximately 1,250 square meters of office space in H Victoriei 109. The new tenants, BTDConstruct & Ambient and Progetto Lusso Industrial Cluster, part of the BTD Group of Companies and strong players in the commercial and industrial construction industry, respectively engineering, architecture and design, are now fully occupying the 2nd, 3rd and 7th floor, and partially the 1st floor of H Victoriei 109, Calea Victoriei wing.
One United Properties (BVB: ONE), the leading green developer of residential, mixed-use, and office real estate in Romania, convened the General Meeting of Shareholders (GMS) for April 26th, 2022. On the agenda of the GMS are, among other items, the approval of the payment of the second tranche of the dividends, share capital increase with cash contributions, share buyback as well as the election of new members of the Board of Directors.
The local real estate market has rapidly adapted to the new social and business environment, largely countering the imbalances stemming from the restrictions imposed during the state of alert. Moreover, we can notice an upward trend in all market segments, even though there are still a few challenges, such as the increasing prices for construction materials, utility costs, inflation, decreasing purchasing power and also finding the best levers to get employees back to their offices.
Skanska's office development division in Romania obtains a new WELL Health & Safety Rating certification, this time accorded for its own office located in the Equilibrium 1 building. The dynamics of Skanska’s office space and the active involvement of employees in maintaining the WELL culture are just as equally important as the solutions and strategies implemented within the building.
RC Europe, a Czech developer with 17 years of experience in the market, has sold a project with a valid building permit for a 10-storey office building Arc in Bucharest.
The rents of class A offices, of the premium buildings, which have free spaces for rent in Bucharest are between 12.5 euro / sqm / month in the southern area and 18.5 euro / sqm / month in CBD, the best listed office area, according to an analysis by Fortim TA, a member of the BNP Paribas Real Estate Alliance. In the Pipera-Voluntari area, rents for class A office spaces fall on time and up to 8 euro / sqm / month.
Real estate developer Speedwell, founded by Belgian entrepreneurs Jan Demeyere and Didier Balcaen, has put up for sale the Miro office building in northern Bucharest. The value of the transaction is intended at more than EUR 60 million.
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