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Related news

Bucharest has one of the youngest office stocks in Europe, offering a competitive edge for new tenants

With an average age of approximately 11 years, the Bucharest office stock ranks among the youngest across Europe and the CEE region. This provides a significant advantage for landlords in attracting and retaining tenants, as the city’s office spaces are less likely to face obsolescence in terms of technology, construction quality and sustainability standards over the next 5 – 6 years, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

Companies leased new offices for around 8,000 employees during H1 2024, with a considerable new demand rebound

The net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time during the last two years, with a positive impact on the average vacancy rate, given that no new office projects were delivered in H1, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

New office transaction: entrepreneur Alin Niculae buys Iride Business Park for 44.7 million euros

Romanian entrepreneur Alin Niculae, who controls the largest independent distributor of petroleum products, bought the myhive Iride (Iride Business Park) office building in Pipera.

AFI Europe, a leading real estate player on SEE and CEE markets, has acquired the myhive Victoriei building from Immofinanz

Real estate developer AFI Europe, a leading real estate player on SEE and CEE markets, has acquired the myhive Victoriei building on Calea Victoriei from Austrian commercial real estate group Immofinanz. The transaction, brokered by Colliers and Cushman & Wakefield Echinox, was valued at around 27 million euros and is part of IMMOFINANZ's strategy to optimize its portfolio.

New tenants within Arghezi 4 office building developed by Strabag Real Estate in city center of Bucharest

Cushman & Wakefield Echinox is pleased to announce that four local businesses – Sciccheria, Steam, Velocita, and French Revolution – are the newest tenants within the boutique office building Arghezi 4, located in the heart of Bucharest, near University Square.

Personal development or nutrition workshops and also product tastings are highly appreciated by the employees working in office buildings

Personal development and nutrition workshops, massage sessions and multisensory experiences such as cheese or ice cream tastings organized by office building landlords are highly appreciated by employees. These initiatives aim to create a work environment which encourages a gradual return to offices. The budget allocated for these actions can reach up to €10,000 per year per building, an amount which has a minor impact on the owners’ rental income.

Mobile Pet & Mobile Vet network rents space for new clinic and pharmacy in One Cotroceni Park Bucharest

The Mobile Vet and Mobile Pet veterinary clinic and pharmacy network opens its 4th clinic in Bucharets within One Cotroceni Park, following an investment of approximately €500,000, according to the Cushman & Wakefield Echinox real estate consultancy company, who brokered the leasing transaction for the space owned by One United Properties.

Cristina Lupașcu was appointed Head of Marketing at Cushman & Wakefield Echinox

Cristina joined Cushman & Wakefield Echinox in 2021 as Director PR & Research, being responsible for assisting both the PR & Marketing and Reserch departments. She has more than 20 years of experience in media and real estate.

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