The newest and most modern flex office space in Bucharest, Hotspot Workhub, the only location of this type that is under the certification of BREEAM Excellent and WELL Health & Safety in Romania, opens its doors to event organizers looking for a premium location.
The office market is showing signs of recovery, recovering in the first half of 2021 half of the fall due to the pandemic, according to an analysis conducted by the company ESOP Consulting, based on data from the forum of large real estate agencies.
Over 300 buildings and real estate properties were certified as ‘green buildings’ between 2010-2020 in Romania, a period that marked the first decade of sustainable development. Romania ranks 3rd among CEE countries, after Poland (1232 certificates) and Czech Republic (422). The next positions are occupied by Hungary (232) and Slovakia (124). The accelerated growth is deemed to continue, as green building becomes a strategic tool in reaching EU Green Deal targets – according to the BuildGreen 2020-2020 Sustainable Development Report.
The real estate market professionals in Central Europe returned to the level of optimism registered before the pandemic. Almost 40% of them expect an improvement in the general economic climate this year, 46% have positive expectations regarding real estate activity, and 48% rely on increasing the volume of transactions, according to the Deloitte Real Estate Confidence Survey for Central Europe 2021, conducted in the first quarter of this year in four countries in the region – Romania, Poland, the Czech Republic and Hungary. At the same time, 58% of the respondents expect the availability of investment products to increase in countries where they operate.
One United Properties S.A., one of the leading green developers of residential, mixed-use and office real estate in Bucharest, Romania, has successfully completed the Initial Public Offering (IPO) for sale of shares as the largest issue in the last four years on the Bucharest Stock Exchange.
Catinvest has obtained the necessary construction permit to start work on a new extension of Electroputere Mall. Starting in July, with a total investment estimated at 6 million euros, Catinvest will develop an expansion of the space allocated to restaurants in Electroputere Mall, adding 5 new restaurants, 3 of which will have private outdoor terraces, a new common terrace in open air that can be shared by restaurant customers and an additional 5,500 square meters of retail space.
Skanska, the largest developer of office buildings in Europe, inaugurates the first rooftop runway in Romania. The runway is 280 meters long and it’s located on the roof of the Campus 6.2 and 6.3 buildings in Bucharest.
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