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Articles

Insignis opens a designer furniture showroom on the ground floor of an office building in the Bucharest Business Park complex

Four companies that sell furniture have rented sales spaces on the ground floor of office buildings in the northern area of Bucharest, the total area exceeding 10,000 sqm. The last one opened is the new Insignis concept store, with an area of 673 sqm, which will exhibit and sell pieces of furniture from top brands in Europe. The lease transaction was assisted by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

International Workplace Group partners with Vastint Romania to open a new coworking space in the Business Garden Bucharest complex

Vastint Romania announces a new strategic partnership with IWG, the global leader in hybrid workspace solutions, which will open a new Spaces location within the Business Garden Bucharest complex.

One Cotroceni Park will host the new headquarters of HIKVISION, a global leader in video surveillance products and solutions

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces that HIKVISION, a global leader in video surveillance products and solutions, will open its new offices in the sustainable One Cotroceni Park building. The relocation was facilitated by CBRE Romania, a leading real estate consultancy company. The 1,330 square meter office space will support HIKVISION's expansion and operational needs, marking an important step in the company's growth in the Romanian market.

Optimal Office: The Newest Modern Solutions for Offices in Cluj-Napoca

In a constantly changing market, Optimal Office offers a flexible workspace adapted to the needs of modern companies. It's more than just an office – it's a place where efficiency and comfort meet to create an ideal work environment. We spoke with Ioana Marin, co-founder of Optimal Office, about the office concept and the advantages for its clients.

Andreea Comșa joins Speedwell as Commercial Director

SPEEDWELL Development, one of the leading real estate developers announces the consolidation of its management team by appointing Andreea Comșa as commercial director.

Office space fit-out costs have increased by 10-15% in the last year in Romania

Average costs for office space fit-outs in Romania are 10-15% higher than the previous year, primarily due to increased labor costs, according to a report by iO Partners. Despite this, Romania remains one of the most affordable countries in the EU for office fit-outs, with costs significantly lower than in Poland, the Czech Republic, or Western countries. The report, based on data from over 40 iO Partners projects, reflects recent market trends and the challenges companies face when designing office spaces.

Endava Romania renews its lease at the UBC building, part of the IULIUS portfolio in Cluj-Napoca

British software services company Endava has renewed its lease for a further five years at the United Business Center building, part of the Iulius Mall Cluj development. The deal, brokered by real estate consultancy Colliers, covers 4,300 square meters of office space and will allow the company to strengthen its local team and continue its expansion in Cluj-Napoca

Tenants continue to dominate the office market, although in some areas of Bucharest, there remains a trend toward a more landlord-friendly market

Trading activity in the office market slowed in the third quarter of this year, mirroring trends from 2021-2022. Total demand for modern leased office space in Bucharest dropped by 25% to 236,000 square meters compared to the same period in 2023. New lease demand reached 82,000 square meters, reflecting an 11% decrease year-on-year, according to Colliers data.

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