Apart from the residential phase, that is already under construction and will totalize 268 residential units to be delivered in 2023, White Star Real Estate is planning to launch the next phases of the development, that will imply a total investment of 75mil. Eur. The projects will be erected on available land of 20,000 square meters and will include 32,000 square meters of office space within three buildings, a kindergarten and 5,000 square meters of commercial facilities.
On September 19th, 2022, the shares of One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use and office real estate, were effectively upgraded within the FTSE Global Equity Index Series for Emerging Europe, moving from the small-cap to mid-cap category. The upgrade reflects the increased market capitalization of One United Properties and the solid liquidity of ONE stock on the Bucharest Stock Exchange.
Demand improved during the second quarter, while deliveries are limited and vacancy rates continue to fall, according to the Bucharest City Report Q2 2022, published by real estate consultancy JLL.
Kärcher, a world provider in cleaning technology, has launched its new headquarters in Bucharest, following an investment of 11.5 million euros by the German group in Romania. The new headquarters is in Pipera, Voluntari, having 5 levels and covers an area of 7.300 sqm.
Prime Kapital, an integrated real estate developer and investor, and its investment partner MAS PLC, a green property investor and operator focused on retail properties in CEE plan to invest 1,97 billion euros in retail, office, and residential developments in Romania, by 2029, after having secured over 1,5 million square meters of development GLA/GSA.
With this partnership, Skanska’s commercial development business unit in the CEE is extending the services for the tenants in its two buildings, as DBH Group develops and manages flex office spaces across the EU market.
DSV Romania, a subsidiary of the Danish group DSV, the third largest global supplier of transport and logistics services, announces the establishment of a new legal entity – DSV Road, a domestic and international transport company, and the relocation of the new company to a new headquarters after an investment of 1 million euros.
Started progressively in the spring, the gradual return to the office is expected to register a new wave this autumn, with the opening of the new school year. The start of school can stimulate more employees to return to the office, especially employees who have children in kindergartens and schools located in the vicinity of the office building where they work.
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