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Articles

New tenant for City Offices on 1,700 sqm

PPT Preturi Pentru Tine, the largest Romanian clothing and footwear retailer, active on the Romanian market since 2006, moved to the City Offices office building, part of the Globalworth portfolio, renting an area of 1,700 sqm.

Companies in Bucharest have leased 45,000 sqm of offices in Q3

The office market in Bucharest registered 45,000 square meters take-up in the third quarter of 2017, reaching a total of 134,000 square meters since the beginning of the year, with IT and outsourcing companies dominating the market, according to Colliers International.

A new office project in the center-western area of Bucharest, The Light

River Development announces the start of construction work on a new class A office project located in the Politehnica area in Bucharest on the site of the former Pumac factory. The first office building within the project, The Light, has a leasable area of 21,000 square meters (GLA) a 11-storey height scheme (2UG + GF + 10 floors + technical floor) and offers 293 parking spaces.

More than half of the new office buildings delivered in 2017-2019 to have integrated gardens and outdoor seating

From a total of 700,000 sqm of office space planned to be delivered in 2017-2019 in Bucharest, 56%, representing approximately 390,000 sqm class A spaces will be in office buildings that will have interior gardens or green rooftop terraces, investors having an integrated landscape in the project, according to a study of ESOP l Corfac Internațional.

George Copos launches Ana Tower office project

The rentable area of the Class A office tower in the North Bucharest Expozitiei area will be 33,000 sqm, with approximately 1,300 sqm per floor and the parking lot will have 450 seats.

How to Make Drones a Powerful Tool for the Real Estate Market

Twenty years ago, real estate developers used to consider the aerial photographs and videos as the only possibility (beside simulations) to give them and their clients a fabulous insight about the project’s features or failures. Pricey, hard to get and hard to process, photographing and filming “from above” was done with the aid of helicopters or taller buildings in the neighbourhood.

Alpha Bank extends the lease for West Gate office park in Bucharest until 2026

West Gate business park, owned by Genesis Development, a company controlled by local entrepreneur Liviu Tudor, extended the lease agreement with Alpha Bank for another eight years until 2026.

Three new tenants for Sema Parc and Sema Office in 2017

River Development, the company that manages and develops the real estate projects of Sema Office and the Sema Parc Industrial Park, attracted three new tenants in 2017: Mega Image, Praktiker and Studio Moderna.

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