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myhive S-Park office building expands its tenant portfolio with Austrian construction company, Swietelsky

CPI Property Group, one of Europe’s leading real estate owners, announces the expansion of its local office community by signing a lease agreement with Swietelsky, an international construction group, based in Austria. The new tenant will occupy an area of approximately 1,250 square meters, in myhive S-Park office building, the contract being signed for a period of 5 years, starting with March 2024.

Cognyte, a global leader in investigative analytics software, leases 1,600 square meters in U•Center 2

Cognyte, a global leader in investigative analytics software, has leased 1,600 square meters of office space, assisted by CBRE, in U•Center 2.

Bucharest office take-up hits record level in 2023

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.

Romania is among the most active mergers and acquisitions markets in Central and Eastern Europe

The mergers and acquisitions (M&A) market in Romania slightly decreased in volume in 2023 compared to the previous year, but maintained its value, according to an analysis conducted by Deloitte Romania. The number of transactions with values over 5 million euros analyzed by Deloitte Romania was 130 last year, compared to 157 in 2022, when the local market reached a record level.

In 2024, the focus in real estate will be on refinancing and lease renegotiations. What alternatives do companies that want a new office space have

Property refinancing will be key to the evolution of the real estate investment market in 2024, and ESG will be the differentiator between office buildings in the competition for tenants, according to an analysis by real estate consultancy company Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance. In terms of type of investors, most will be local or from the CEE region.

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Genpact Remains in Hermes Business Campus

Adventum Group, a Hungarian-based fund manager, has announced the extension of their partnership with Genpact Romania, the Romanian branch of a global professional services firm.

Equilibrium 2 achieves Romania’s first WiredScore Platinum certification, marking a milestone for Skanska in CEE

WiredScore certification recognizes and promotes best-in-class digitally connected buildings globally and helps increase the value of the building for both potential tenants and future owners. The widely recognized WiredScore certification seal is a trusted symbol that identifies buildings that have been independently certified to provide the best-in-class connectivity infrastructure that businesses require to thrive.

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