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Transactions on the office market, the historical minimum in the last 5 years

The pandemic severely affected the office market, so office transactions slowed in the second quarter of this year.

Demand for office space fell by 45% in the first half

The office space market in Bucharest was strongly affected by the coronavirus pandemic in the first half of 2020, the demand in the sector registering a decrease of 45% compared to the same period in 2019, according to an analysis made by the real estate consulting company Avison Young.

Bosch inaugurates the new office building of the Engineering Center in Cluj-Napoca

Bosch, a global leader in the provision of technologies and services, recently inaugurated the new office building of the Bosch Engineering Center in Cluj, located within the DaVinci Plaza campus.

The future of global office demand – four key factors

Increased working from home doesn’t equate to less demand. A new JLL research identifies four key factors that will play a major role in shaping future office spaces.

Globalworth has leased over 25,000 square meters of offices in Romania during the pandemic

The Globalworth's portfolio in Romania has been consolidated by the prolongation and/or the extending of the lease contracts for a period of 3 - 11 years with key partners such as Adecco, Cegedim, Clinicile și Laboratoarele Sfânta Maria, Mazars, and one of the most important banks in the system that has rented the Globalworth building on the Exhibition Boulevard.

CIT One rented 1,000 sqm in the Paris building within Sema Parc

River Development, the developer of the mixed-use project Sema Parc, announces the signing of a new lease with CIT ONE for an office space of approximately 1,000 square meters, within the Paris office building.

Start for the natural gas market liberalization on 1 July 2020

Following an infringement procedure, Romania has established and transmitted to the European Commission a timetable for the liberalization of the natural gas market. Thus, starting with 1 July 2020, the prices for the supply of natural gas to domestic customers will no longer be regulated by the National Energy Regulatory Authority (ANRE).

HAGAG Development Europe receives certificate of urbanism for the restoration of Știrbey Palace

The real estate developer HAGAG Development Europe received the urbanism certificate in order to authorize the execution of construction works regarding the restoration, consolidation and refurbishment of the historical monument building Știrbey Palace.

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