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Articles

One United Properties transforms a building within the One North Gate office complex into One North Lofts

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use and office real estate in Romania, announces a new residential development, One North Lofts, located in a highly desired area on Pipera Bulevard, five minutes’ drive from the Promenada Mall business district of Bucharest and 10 minutes’ drive from Herastrau Park.

GTC completed the City Gate refurbishment project, following a EUR 3.5 million investment

GTC, one of the leading real estate companies in Central and Eastern Europe, completed the City Gate Complex refurbishment project, following an investment of EUR 3.5 million.

Office vacancy is at a record high, amid a shortage of new office buildings

At the end of the third quarter of 2022, Bucharest modern office stock reached 3.30 mln. sq m, registering only 5 office projects delivered in the first nine months of this year. By the end of the current year, just one additional project is estimated to be completed, making 2022 a particularly record year, with the lowest number of office buildings delivered in the last five years, according to CBRE Romania.

Infineon Technologies AG opened an R&D center in IULIUS Group’s Palas Iași complex

Infineon Technologies AG will initially occupy a 600 sqm office area in Iași, located in the Palas mixed-use complex, an investment by IULIUS Group.

Euro Tower becomes the first LEED ZERO CARBON certified building in Romania

Euro Tower, the landmark office building owned by Cascade Group in the Central – North of Bucharest, officially becomes the first LEED Zero Carbon certified building in Romania.

SkyTower is the first office building in Romania to receive the SHORE Gold Certification

SkyTower, the tallest office building in Romania, was awarded the SHORE Gold Certification for operational risk, resilience, and governance of real estate operations, by the internationally renowned SAFE Asset Group.

Promotions at Cushman & Wakefield Echinox: Bogdan Marcu becomes Partner Capital Markets and Dana Radoveneanu Head of Retail Agency

The Cushman & Wakefield Echinox real estate consultancy company announces new management promotions, by appointing Bogdan Marcu as Partner Capital Markets and Dana Radoveneanu as Head of Retail Agency.

The Volume Of Real Estate Investment Could Reach €1.2 Bln In 2022, A Record Level After The 2008 Economic Crisis

Since the beginning of the year, the volume of transactions in commercial real estate assets with a value of €5 million or more totalled approximately €656 million, 16.5% higher compared to the same period in 2021, out of which €330 million represents the volume transacted in Q3. We see an increase of 28% compared to the previous quarter and 26.5% compared to the same quarter of last year.

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