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Articles

In the third quarter of 2023, companies leased offices for approximately 20,000 employees in Bucharest

The interest of office tenants was much higher for contract extensions in existing buildings than for new spaces in the third quarter. The companies traded a total area of 158,923 sqm, of which 104,004 sqm were contract extensions and 51,879 sqm leases of new spaces, in Bucharest, according to the analysis made by Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance.

CBRE takes over the management of the U-Center 1 office building, owned by Pavăl Holding

CBRE has become the property manager of U-Center 1 office building, developed by Forte Partners and currently owned by Pavăl Holding. CBRE will manage all aspects of the property in relation to tenants, subcontractors, and authorities.

Medialine moves its headquarters to One Cotroceni Park

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania announces the conclusion of a lease contract for the relocation of the company Medialine within the One Cotroceni Park development. The contract has been signed for a duration of 8 years. Medialine's new headquarters, a top provider of IT infrastructure solutions tailored to the diverse needs of businesses, reflects Medialine's commitment to providing its employees with a pleasant and modern working environment in line with sustainability principles.

The Real Estate and Construction sector attracted approximately €1.2 billion of Foreign Direct Investments in 2022

The real estate and construction sector attracted approximately €1.2 billion of foreign direct investments (FDI) in 2022, as the share of this economic activity in the overall FDI stock stood at 17.2% at the end of 2022, according to data from the National Bank of Romania analyzed by the Cushman & Wakefield Echinox real estate consultancy company.

Griffes to manage leasing of J8 Office Park

Property developer Portland Trust has inked a partnership with Griffes for managing the leasing and commercial operations of Bucharest-based J8 Office Park.

Deloitte renews 12,500 sqm office lease in Oregon Park

Deloitte has renewed the office lease agreement for its three delivery centres spanning 12,500 sqm in Bucharest-based Oregon Park, owned by Lion’s Head.

Garanti BBVA will reach 20 years of presence in YUNITY Park with the new lease extension

Genesis Property announces that Garanti BBVA, one of the most dynamic banks in Romania, extends its lease for another 5 years, maintaining the 7,200 sqm headquarters in YUNITY Park. Garanti BBVA thus reaches 20 years of constant presence in the same business campus.

Carrefour rented space for a store within One Cotroceni Park

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania is announcing the opening of a brand new Carrefour Express within One Cotroceni Park.

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