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Related news

Data center investors enter race for land plots in Romania

The land market in Bucharest and other regional cities is seeing increasing demand from developers of data centers that want to accommodate growing investments in the country’s IT&C industry, according to a report by iO Partners.

Property investments in Romania soar to €655 million over nine months

Romania's property investment market reached close to €655 million in the first nine months of 2024, up by 169% compared to the same period of last year, according to an iO Partners report.

Henkel becomes the newest tenant of the Equilibrium office project in Bucharest, developed by Skanska

Henkel has rented around 4,000 square meters for its new headquarters located on the 10th and 11th floors of the Equilibrium 2 building, delivered by Skanska in December 2022, according to the online publication profit.ro.

Office space fit-out costs have increased by 10-15% in the last year in Romania

Average costs for office space fit-outs in Romania are 10-15% higher than the previous year, primarily due to increased labor costs, according to a report by iO Partners. Despite this, Romania remains one of the most affordable countries in the EU for office fit-outs, with costs significantly lower than in Poland, the Czech Republic, or Western countries. The report, based on data from over 40 iO Partners projects, reflects recent market trends and the challenges companies face when designing office spaces.

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.

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