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Related news

The volume of pre-leases of office space fell by more than 50% in the period 2020-2023

The decrease in demand for office spaces in Bucharest following the pandemic period is reflected in the volume of pre-leases, which saw a reduction of over 50% between 2020 and 2023, according to an iO Partners study.

Expansion of the M4 subway line could attract investments worth 3.5 billion euros for Bucharest’s development

The initiation of the project to extend the M4 metro line from Străulești to Gara de Nord, and onward to Gara CFR Progresul, promises new development prospects in southern Bucharest, according to an analysis by the real-estate consultancy company iO Partners. Authorities have applied for 2.5 billion euros in European funding through the 2021-2027 Transport Program. Additionally, the tender for the project’s planning and construction was initiated in April.

River Development has a new Managing Partner

River Development, one of the local real estate developers, has a new Managing Partner since January 2024, in the person of Oana Rădulea. Oana thus takes over the executive management of the company, from the former Executive Director, Liviu Birău.

The sublease spaces in Bucharest reached 65,000 sqm

The availability of office spaces offered for sublease has reached the highest level in the history of the real estate market in Bucharest in the last 3 years, according to a report by the real estate services company iO Partners.

The Ministry of Transport and Infrastructure – the first anchor tenant in the London office building in Sema Parc

The developer River Development announces the lease of a 3,780 sqm space to the Ministry of Transport and Infrastructure, in the London office building in Sema Parc, following an auction process in which it participated and was declared the winner.

Affidea Romania, the main player in the local market of medical imaging services, opens a new clinic in Sema Parc

River Development announces the lease of a space of over 1,000 square meters to the Affidea medical clinic, on the ground floor of the Berlin office building in Sema Parc. The transaction was brokered by Knight Frank Romania.

Green Power Generation Investment Project - renewable and clean energy in Sema Parc

River Development, the developer of the Sema Parc and The Light projects, through its property & facility management company Sema Parc, announces the implementation of a photovoltaic power plant for the generation of green - renewable and clean energy in Sema Parc. With a total investment of more than €1 million, the project is due for completion in May 2023 and will initially provide part of the electricity supply to the Paris, Berlin and Bruxelles buildings in Sema Parc.

Zimmer Biomet Holdings, a world leader in medical technology, opens its first Romanian branch in Sema Parc

River Development, the developer of Sema Parc and The Light projects, announces the lease of office space to Zimmer Biomet Romania in the Paris office building in Sema Parc.

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