Siemens S.R.L., the local subsidiary of the world-renowned German technology group, has agreed to extend its existing lease with Genesis Property, thus securing its presence in West Gate Business District for the next five years. This significant contract extension underlines the importance and long-term benefits of the solid and sustainable collaboration with Genesis Property and serves as recognition by Siemens of West Gate Business District as a high-class business hub with an exceptionally lucrative outlook.
The largest modern office market was in Bucharest, where companies leased 75% of the total office space traded in the first quarter of the year, according to a study by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance. The rest of the office transactions were registered in Timișoara, Iași and Cluj Napoca.
Globalworth, the preeminent office investor in Central and Eastern Europe (CEE) and the forerunner in the Romanian office market, announces it has signed an agreement with eMAG, CEE’s largest ecommerce platform, as a tenant in Globalworth Square.
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.
WNS Global Services, a global leader in Business Process Management (BPM), extends their lease agreement for 3,800 sqm of office space in the H5 building located in the West Gate Business District complex.
The month of June in Belgrade has long been reserved for the world of real estate. Belgrade invites and expects participants who will come to visit the REBEC event.
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces that sennder, Europe's leading digital freight forwarder, which entered the Romanian market in spring 2022, has chosen following CBRE's advisory the One Cotroceni Park office development to be its new employee-centric harbor as part of its ambition to bolster its position in Romania.
NEPI Rockcastle (NRP.AS) (JSE.NRP), Europe’s third largest listed owner, developer and manager of retail properties by portfolio market value at €6.6 billion, and the largest in Central and Europe, generated a 27% rise in net operating income (NOI) in the first quarter (Q1) of 2023 versus Q1 2022, to €120 million. The sharp uptick in performance extends the trend that was accelerating through 2022 and was driven by higher base rents, tight management of operating costs and an €8.8 million contribution from the three acquisitions - Forum Gdansk Shopping Center, Copernicus Shopping Centre, 50% of Ploiesti Shopping City - made by the Group in the second half (H2) of 2022. The increase in NOI was 17% on a like-for-like (LFL) basis.
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