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Articles

Skanska measures the satisfaction level of residents in the Equilibrium1 office building

This year’s survey, in its third edition, recorded a response rate of 76% and reveals how much residents appreciate their office experience. The findings are a confirmation that the actions and initiatives carried out by the Skanska team together with the Property and Facility Management team in Equilibrium have achieved their goals. The study was conducted in March 2023 among the tenants of the first building in the Equilibrium complex.

MEDCITY acquired a prime building of over 1,000 sqm in the center of Timisoara from Folli Follie Group

MEDCITY, the only developer of healthcare buildings in South-East Europe, acquired a prime building of over 1,000 square meters in the center of Timisoara from fashion group Folli Follie Group in a transaction brokered by Colliers. Thus, MEDCITY is making its entry into the western city, expanding its portfolio of buildings under The Medical Mall concept, exclusively dedicated to healthcare operators and related activities.

The Romanian investors have been the most active on the real estate transaction market during the past 5 years

The Romanian investors have made real estate acquisitions worth €1.1 billion in the last 5 years, having a share of 28% in the investment volume recorded during this interval. Therefore, they have been the most active buyers of income-producing real estate assets in Romania, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

Romania leads the world in tokenizing Real Estate

MetaWealth, the Fintech startup with offices in Bucharest, Dublin and Toronto, has sold its first real estate asset to 153 retail investors from Romania, Cyprus, Austria, Switzerland, the UK, Denmark, Belgium, the Netherlands, the Czech Republic, Canada, Sweden, and Greece, for a combined value of USD 2.14 million.

Beiersdorf is relocating to a new office building developed by Primavera Development in central Bucharest

CBRE assisted Beiersdorf Romania in the transaction process of finding and renting the space dedicated to the new office as well as the most suitable building for a company that is focused on sustainability. The German top player in Skin Care with iconic brands such as NIVEA is moving its office to a new class A building, D’OR, developed by Primavera Development.

Iulius opens Palas Campus, largest office building in Romania, after EUR 120 mln investment

Iulius Company opened Palas Campus in Iasi, eastern Romania, on April 25 - an urban regeneration project promoted as the largest office building in Romania. The investment amounted to over EUR 120 million, being the largest private investment in Iasi in the last decade, according to the developer..

Investments on the real estate market in Romania exceeded EUR 1.26 billion in 2022

During a tumultuous 2022, marked by global political and economic instability, the Romanian real estate market has been put though a set of trials, with some outperforming sectors while others struggling to adapt to changes which no longer seem temporary. 2023 has started on a temperately optimistic note, with an overall approach governed by cautiousness and well-thought business decisions.

The Ministry of Transport and Infrastructure – the first anchor tenant in the London office building in Sema Parc

The developer River Development announces the lease of a 3,780 sqm space to the Ministry of Transport and Infrastructure, in the London office building in Sema Parc, following an auction process in which it participated and was declared the winner.

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Alexandra Filip

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