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Articles

Genesis Property secures BREEAM Outstanding Certification for YUNITY Park's Building F

Genesis Property, one of the leading office building owners in Romania, has obtained the highest level of BREEAM International In-Use certification, Outstanding, for Building F in the innovative YUNITY Park business campus, which hosts renowned companies such as HP Enterprise, HP Inc., Garanti BBVA, DXC Technology, Luxoft, and Yokogawa.

Companies leased new offices for around 8,000 employees during H1 2024, with a considerable new demand rebound

The net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time during the last two years, with a positive impact on the average vacancy rate, given that no new office projects were delivered in H1, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

Radio ZU Lease takes MIRO Office Property to Full Occupancy

Hili Properties plc, the owner of the MIRO Office property in Romania has leased the last 1,540 square meters of office space to Radio ZU, one of Romania’s most popular radio stations, taking MIRO’s occupancy to 100%.

ROENEF, together with ING Bank Romania and local authorities, launches a national project dedicated to promoting energy efficiency in buildings

The Association for the Promotion of Energy Efficiency in Buildings (ROENEF) announces the launch of the "ROENEF Caravan", a project aimed at promoting energy efficiency in buildings and raising awareness among the population about the benefits of energy efficiency in housing, both economically, environmentally and health-wise.

River Development appointed Ana-Maria Pascu as Leasing Manager

The local real estate developer and investor River Development announces the appointment of Ana-Maria Pascu to the position of Leasing Manager, starting September 2024.

STRABAG Selected as General Contractor for The ARC, Bucharest’s New Landmark Office Building

STRABAG Romania is proud to announce that it has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new state-of-the-art office building, "The ARC". This new landmark development will bring a modern ten-story Class A office building to the 6th District of Bucharest, setting new standards for office spaces in the area.

Local Council greenlights EUR 0.5 bln large-scale urban reconversion project in Cluj-Napoca

The Zonal Urban Plan for the conversion of the former Carbochim industrial platform and the restructuring of the 1 Mai Square area was recently approved by the Cluj-Napoca Local Council. The investment of the IULIUS & Atterbury Europe companies, estimated at over half a billion euros, represents an effort to capitalize on an industrial area and transform it into a pole of urban attractiveness with multiple functions - the largest retail area in Romania (120,000 rentable square meters) , office, culture and new entertainment concepts – , whose anchor will be a large urban garden with access to the Someș river.

The Romanian real estate investment market could reach the 1 billion euro threshold again this year

The first half of 2024 ended with real estate transactions totaling 419 million euros in Romania, which represents a two and a half times increase compared to the volume of the same period last year, according to the Colliers report on the evolution of the real estate market in the first semester of this year. The outlook remains favorable, and with a significant volume of ongoing transactions, including some recent ones where owners want quick completion, reaching the €1 billion mark in 2024 seems an achievable goal, Colliers consultants say.

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