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Related news

Infinity Cloud Technologies is opening its business in Romania, in Paris Office Building, Sema Parc

The local real estate developer & investor River Development announces the lease of a 1,200 s qm space to the worldwide leading player in the data center industry - Infinity Cloud Technologies, on the ground floor of the Paris Office Building, in Sema Parc. The transaction was brokered by iO Partners.

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.

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.

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