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Articles

Belgian real estate developer Atenor to start a new office project in Bucharest’s Expozitiei area

Belgian real estate developer Atenor, the owner of Hermes Business Campus in the Pipera area in Bucharest, will start early in 2019 the development of a new office project on Expozitiei Blvd in Bucharest.

Nearly 30pct of the employees in Bucharest are working in modern office buildings

The number of employees working in Bucharest in Class A and B office buildings could rise up to 270,000 by the end of this year, as in the first half of the current year the number reached approximately 253,000, rising by 3,000 compared to the beginning of the year, shows a study conducted by C&W Echinox.

Immofinanz registered EUR 23.6 million rental income in H1 2018

Immofinanz properties in Romania have a value of 807.7 million euros, 19% of the Austrian company's total portfolio, and in the first half of the financial year 2018 rental income totaled 23.6 million euros, or 19.8% of the group's revenues, shows the company's financial report.

The office space market in Bucharest reaches the lowest level of vacancy rate in recent history

The vacancy rate on the office space segment in Bucharest in the first half of 2018 reached a historic minimum for the past 9 years, standing at 8%, and the modern office space stock in the capital reached 2.79 million square feet.

Top deals on Bucharest office market in Q2 20018

According to a recent top published by the Bucharest Real Estate Club, an important place in the office transactions top is occupied this quarter by the newcomers in the co-working segment, as two new international groups entered the local market: Mindspace and Spaces.

First office building in AFI Tech Park reaches 50% occupancy by attracting new tenants on 2,300 sqm

Connect 44, a telecommunication engineering company, and Best Chef, the catering service brand for the Bucharest office segment, leased a total area of approximately 2,300 sqm within the first AFI Tech Park office building in Bucharest, a new project by Israeli developer AFI Europe.

Office projects totaling 380,000 sqm are planned for 2019

Real estate developers have announced for the year 2019 projects for office buildings totaling approximately 380,000 sqm and for 2020 about 242,000 sqm, given that this year the deliveries of such spaces will increase by 55% compared to last year, according to a analyzes conducted by ESOP Consulting l CORFAC International.

Co-working or flexible office spaces? What are the advantages for employers and employees?

Interview with Ramona Iacob-Predescu, Country Manager IWG Group România

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