Hotspot Skyhub, the second professional Hotspot hub, located in Orhideea Towers, will open in the last quarter of 2022. We spoke to Tudor Popp, Founding Partner, about the challenges of this project and the details of the investment.
The office letting market in Romania has shown a decrease of almost 18% of gross take up during H1 2022 compared to H1 2021, even though Bucharest showed a slight increase. Timisoara had by far the largest share in office leasing transactions in regional cities during H1 2022, with almost 20,000 m², or approximately 54% of total office transactions in major regional cities. The second largest market is Iasi, with 10,500 m² (29%), followed by Cluj-Napoca and Brasov.
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office real estate, announces the signing of lease contracts for 103.400 sqm office space from January 2020 to date
Apart from the residential phase, that is already under construction and will totalize 268 residential units to be delivered in 2023, White Star Real Estate is planning to launch the next phases of the development, that will imply a total investment of 75mil. Eur. The projects will be erected on available land of 20,000 square meters and will include 32,000 square meters of office space within three buildings, a kindergarten and 5,000 square meters of commercial facilities.
On September 19th, 2022, the shares of One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use and office real estate, were effectively upgraded within the FTSE Global Equity Index Series for Emerging Europe, moving from the small-cap to mid-cap category. The upgrade reflects the increased market capitalization of One United Properties and the solid liquidity of ONE stock on the Bucharest Stock Exchange.
Demand improved during the second quarter, while deliveries are limited and vacancy rates continue to fall, according to the Bucharest City Report Q2 2022, published by real estate consultancy JLL.
Kärcher, a world provider in cleaning technology, has launched its new headquarters in Bucharest, following an investment of 11.5 million euros by the German group in Romania. The new headquarters is in Pipera, Voluntari, having 5 levels and covers an area of 7.300 sqm.
Prime Kapital, an integrated real estate developer and investor, and its investment partner MAS PLC, a green property investor and operator focused on retail properties in CEE plan to invest 1,97 billion euros in retail, office, and residential developments in Romania, by 2029, after having secured over 1,5 million square meters of development GLA/GSA.
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