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Articles

SENARIA, construction project management services of 1 million euros in Q1 2023

SENARIA, one of the most dynamic local construction project management companies, ends the first quarter of 2023 with a 25% increase YoY. In the first quarter of this year, SENARIA contracted projects for the services provided in the amount of 1 million euros thus predicting at least a doubling of the turnover compared to 2022.

Playtika Romania renews lease in Vastint Romania’s Timpuri Noi Square office project

CBRE, the leader of the real estate consultancy market, assisted Playtika Romania (Playtika), a mobile gaming entertainment and technology market leader, in determining the most efficient real estate strategy in terms of operations and cost efficiency. The consultancy firm performed a complex analysis and provided relevant data that considered all the suitable alternatives in the market and studied the group’s growth strategy and employees’ preferences.

One United Properties sold all the shares of One Herăstrau Office

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the signing of a sale agreement for all the shares of One Herăstrău Office S.A. to a private investor. The value of the transaction amounts to 21 million euros. One United Properties was assisted in the transaction by JLL Romania.

Office fit-out costs increased by up to 30% in 2022

The average office fit-out costs increased by around 20-30% in 2022, due to rising prices, supply chain disruptions, higher commodities and materials’ costs, but also as a result of the increased labor costs.

Affidea Romania, the main player in the local market of medical imaging services, opens a new clinic in Sema Parc

River Development announces the lease of a space of over 1,000 square meters to the Affidea medical clinic, on the ground floor of the Berlin office building in Sema Parc. The transaction was brokered by Knight Frank Romania.

Real estate owners in Romania have higher sustainability expectations than those in other countries

Building owners in Romania are much more interested in ESG standards and also have higher expectations when it comes to sustainability than their counterparts in other countries. A survey by CBRE, the global real estate consultancy market leader, of over 500 commercial real estate professionals worldwide shows that the main drivers for companies to move towards ESG are regulations, such as the Paris Agreement and the Goals of UN sustainable development, rising operating costs and increasing control from owners.

The Access Group, a UK software market leader, leases 4,220 sqm offices in Iulius Town Timișoara

The Access Group is present, starting this March, in the business hub of the Iulius Town Timișoara mixed-use complex developed by IULIUS Company.

Timișoara records strongest office leasing activity among regional cities in 2022

Office leasing volumes in Timișoara amounted to 51,400 sqm during 2022, which was more than half of the total deals closed in regional cities. Iași and Cluj-Napoca were next with volumes of 26,700 sqm and 15,200 sqm, respectively, while in Brașov office leasing covered 5,900 sqm.

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