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The number of sold properties increased in H1 2023, but the average price per asset decreased by more than 50%

The number of sold income – generating real estate properties (office, retail, industrial & logistics spaces and hotels) during the first half of 2023 increased by 30% when compared with the same period of last year, but the average price per property decreased from €24 million to €11 million. Therefore, the transactional volume has seen an y-o-y decline of 43%, to a level of €181 million, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

Oregon Park achieved the Well Health & Safety certification

Oregon Park, one of the largest and most sustainable office projects in Romania, owned by the Lion’s Head investment fund, achieved the Well Health & Safety certification, granted by The International WELL Building Institute (IWBI). The certification recognizes the implementation of measures that ensure a work environment with a positive impact over the health and well-being of employees.

Office rents in Bucharest increased by up to 16% in the last 12 months

Office rents in Bucharest increased by up to 15.8% in the last 12 months (June 2023 vs. June 2022), with the prime headline rent in the CBD area (Piata Victoriei – Aviatorilor)reaching €22.00/ sq. m/ month, an increase which also translated to other submarkets, according to data from Cushman & Wakefield Echinox.

One United Properties posts a consolidated turnover of 171 million euros and a gross profit of 69.8 million euros in H1 2023

One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office real estate, posts a consolidated turnover of 171 million euros in H1 2023, a 26% increase compared to H1 2022.

One United Properties restoration portfolio to reach estimated 189 million euros upon completion

One United Properties (BVB: ONE), the leading green developer and investor in residential, mixed-use, and office real estate in Romania, publishes its Sustainability Report for 2022. The report highlights the company's progress in key sustainability areas, covering vast environmental, social, and governance aspects.

The level of costs and the access to talents are the top drivers for companies when leasing office spaces

Occupiers consistently identify the level of costs and the access to talents as the top drivers of corporate real estate (CRE) strategies, with particular importance also given to ESG standards, according to the “What Occupiers Want” study conducted by the Cushman & Wakefield real estate consultancy company based on a global survey.

Cushman & Wakefield Echinox diversifies its range of services offered to office segment

The Cushman & Wakefield Echinox real estate consultancy company diversifies its range of services offered to office building landlords through the Asset Services department and launches a new business line that aims to create and implement programs and events, as well as to identify tools to support tenants in their efforts and strategies to attract and retain talents in offices.

Romanian real estate group ONE sells One North Gate office building in Bucharest

Real estate developer One United Properties (BVB: ONE) has informed its shareholders of signing an agreement to sell an office building owned by One North Gate, in which the company holds a 76.39 pct stake.

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