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Articles

Cushman & Wakefield Echinox now manages CPI Romania’s Expo Business Park office project in Bucharest

The Cushman & Wakefield Echinox real estate consulting company has been appointed to manage the Expo Business Park office project, one of the most representative projects in the Expozitiei area of Bucharest, starting from January 2024.

One United Properties targets turnover of EUR 349.9 million and gross profit of EUR 123.5 million in 2024

One United Properties (BVB: ONE), the leading green developer of residential, mixed-use and office real estate in Romania, proposes to the shareholders consolidated turnover target for 2024 of EUR 349.9 million, a 14% increase compared to the 2023 result and a result from operating activity of EUR 137.5 million, a 21% increase driven by higher sales of residential property.

HP extends lease in YUNITY Park for another 5 years

Genesis Property, one of Romania’s leading office building owners, and HP Inc. Romania have signed a 5-year lease extension for 7,000 square meters of office space in YUNITY Park, the most innovative office campus in Romania.

Skanska developed a special ESG+ office package for its tenants

Today, an ESG-compliant office is not only a necessity due to market changes and EU requirements but also an added value for employees. For this reason, Skanska has developed an offer to tenants consisting of services to support them in creating sustainable workplaces and non-financial reporting.

Management and maintenance costs for office buildings in Colliers’ portfolio increased by 9% in 2023

The management and maintenance costs of the office buildings in Colliers Romania’s Asset Services portfolio increased by 9% last year compared to 2022. Higher costs for services in general, including higher salaries, and an improved presence of employees in the office in 2023 were the factors driving this trend.

The sublease spaces in Bucharest reached 65,000 sqm

The availability of office spaces offered for sublease has reached the highest level in the history of the real estate market in Bucharest in the last 3 years, according to a report by the real estate services company iO Partners.

Vastint Romania initiates the second phase of its real estate project Timpuri Noi Square

Vastint Romania announces the commencement of the second phase of its real estate project, Timpuri Noi Square, a significant urban regeneration project for the Timpuri Noi area, thus marking a important moment in the real estate industry in Bucharest.

Hybrid work solutions leader IWG to expand with 1,000 new locations in 2024

IWG, the world’s largest provider of hybrid work solutions, aims to open 1,000 new locations globally amid significant growth in demand from companies and employees seeking hybrid work spaces.

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