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Articles

JLL warns of possible shortage of new office space in the next two years

Seven new office buildings have been and will soon be delivered on the Bucharest office market in 2021, with a total of almost 222,000 square meters.

Top modern office destinations at the end of 2021

Most modern A-class office spaces are located in the Center-North business hub (Aviatorilor, Floreasca, Expoziției), which has exceeded the 1,500,000 sq m threshold, according to a monitoring carried out by ESOP Consulting l CORFAC International .

The budget for an individual workplace increased by 30% compared to the pre-pandemic period

With almost 10 years’ experience on the office market, both in real estate and interior design, Mihaela Petrescu takes over the position of Business Development Director at Workspace Studio, a company specializing in ergonomic office design solutions and Herman Miller’s sole accredited partner in Romania. From this position, Mihaela facilitates the interaction between tenants and landlords, given the previous exposure, so that profound changes in the labor market are assimilated quickly and efficiently, and local offices are developed to new standards.

The Eminescu Offices building completes its tenant mix by attracting a recovery clinic

The Eminescu Offices building, developed by Akcent Development in the central part of the Capital City and managed by the Asset Services team of Cushman & Wakefield Echinox, completes its tenant mix by attracting a recovery clinic within the project.

Euro Tower becomes the first Net Zero Carbon building in Romania

Euro Tower office building becomes the first Net Zero Carbon development in Romania, after being also the first green certified building in the country, a decade earlier, in 2009. The project reached the level of carbon neutrality in 2019, as well as in 2020, according to a study realized by BuildGreen for the assessment of the building’s degree of CO2 emissions during that period. Cascade Group, the building’s developer, has embarked on a comprehensive process of long-term neutralization of all CO2 emissions and estimates that carbon neutrality for Euro Tower will be achieved in 2021 as well.

CA Immo analyzes the exit from Romania by selling its office portfolio

CA Immo analyzes the exit from Romania by selling the portfolio of offices valued at 389 million euros. The Austrians from CA Immo have seven office projects in Bucharest, the most expensive of which is Riverplace near the Ciurel Bridge, valued at 107 million euros.

PPF Real Estate invests almost EUR one million in Metropolis Center’s new ground floor

PPF Real Estate, developer and investor with real estate assets exceeding two point five billion euros globally, reaffirms its long term commitment to the Romanian market and invests over almost 1 million EUR in Metropolis Center, for the redesign of the ground floor and ongoing works for the plaza located just outside the building.

One United Properties joins UN Global Compact, the largest global corporate sustainability initiativ

One United Properties (BVB: ONE), one of the leading green developers of residential, mixed-use and office real estate in Romania, joins United Nations Global Compact, the largest corporate sustainability initiative in the world. The decision to join UN Global Compact is part of a larger sustainability strategy that One United Properties will roll out in the coming months.

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