Real estate investment transactions amounting to more than €600 million are currently in advanced stages of negotiation, as the volume registered throughout 2023 could be matched in the first half of this year, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Ongoing negotiations target office buildings (30% of the value above), retail projects (30%) and logistics parks (40%), with around half of the assets being located in Bucharest.
ONE Technology District, the building of 20,000 square meters of leasable area, for which Infineon signed a 57 million euro contract with One United Properties for a period of 15 years, will be the developer's first flagship project without connection to the gas network.
116,000 sq. m of office spaces were leased in Bucharest in Q4 2023, thus bringing the total 2023 transactional volume to over 463,000 sq. m, an all – time annual take-up record, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The volume in question increased by 43% y-o-y, with a 19% growth also being recorded when compared with the previous benchmark of 390,000 sq. m set in 2019.
Securitas, a global leader in security services, relocated its offices in Romania to @Expo office complex developed by Atenor in the Expozitiei area of Bucharest, in a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company.
Macroeconomic uncertainty, consumption contraction, interest rates and also inflation are the main factors which may impact the Romanian real estate market, according to the real estate investors and developers who responded to the second edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer”.
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces a significant office project to be developed for the listed German tech giant Infineon Technologies, a leader in designing and manufacturing semiconductors.
The average office transaction size during the first 9 months of 2023 has been of 1,810 sq. m, the highest average registered in the last 4 years and close to the record level of 1,900 sq. m set in 2019, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania announces the conclusion of a lease contract for the relocation of the company Medialine within the One Cotroceni Park development. The contract has been signed for a duration of 8 years. Medialine's new headquarters, a top provider of IT infrastructure solutions tailored to the diverse needs of businesses, reflects Medialine's commitment to providing its employees with a pleasant and modern working environment in line with sustainability principles.
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