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Office vacancy is at a record high, amid a shortage of new office buildings

At the end of the third quarter of 2022, Bucharest modern office stock reached 3.30 mln. sq m, registering only 5 office projects delivered in the first nine months of this year. By the end of the current year, just one additional project is estimated to be completed, making 2022 a particularly record year, with the lowest number of office buildings delivered in the last five years, according to CBRE Romania.

Infineon Technologies AG opened an R&D center in IULIUS Group’s Palas Iași complex

Infineon Technologies AG will initially occupy a 600 sqm office area in Iași, located in the Palas mixed-use complex, an investment by IULIUS Group.

Euro Tower becomes the first LEED ZERO CARBON certified building in Romania

Euro Tower, the landmark office building owned by Cascade Group in the Central – North of Bucharest, officially becomes the first LEED Zero Carbon certified building in Romania.

SkyTower is the first office building in Romania to receive the SHORE Gold Certification

SkyTower, the tallest office building in Romania, was awarded the SHORE Gold Certification for operational risk, resilience, and governance of real estate operations, by the internationally renowned SAFE Asset Group.

Promotions at Cushman & Wakefield Echinox: Bogdan Marcu becomes Partner Capital Markets and Dana Radoveneanu Head of Retail Agency

The Cushman & Wakefield Echinox real estate consultancy company announces new management promotions, by appointing Bogdan Marcu as Partner Capital Markets and Dana Radoveneanu as Head of Retail Agency.

The Volume Of Real Estate Investment Could Reach €1.2 Bln In 2022, A Record Level After The 2008 Economic Crisis

Since the beginning of the year, the volume of transactions in commercial real estate assets with a value of €5 million or more totalled approximately €656 million, 16.5% higher compared to the same period in 2021, out of which €330 million represents the volume transacted in Q3. We see an increase of 28% compared to the previous quarter and 26.5% compared to the same quarter of last year.

AFI Europe aims to achieve zero carbon emissions for all its projects by 2025

AFI Europe announces a series of plans aimed at achieving ambitious sustainability targets for all its projects, a significant reduction of carbon emissions, the well-being and safety of their occupants, as well as transforming real estate projects into smart buildings with a high degree of access to technology.

ElectroPutere Parc becomes Oltenia’s main IT hub by area and demand

The well-qualified workforce, good infrastructure and location close to the University of Craiova – the largest university centre in south-western Romania, alongside the EP Mall which offers various entertainment options, have consolidated ElectroPutere Parc’s position as the main innovation and technology hub in the region. Companies such as Hella, Ubisoft, Operative and Endava have signed leases with the French real estate group Catinvest, which owns and manages ElectroPutere Parc.

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