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Articles

Țiriac Tower - the newest office building in the center of Bucharest reaches an occupancy rate of 75% before its completion

Țiriac Imobiliare, part of the Țiriac Group, is completing the works for the Țiriac Tower office building, one of the reference buildings in the center of Bucharest. The premium office project reached an occupancy rate of 75%, prior to its delivery.

The modern office stock in Bucharest has exceeded 3 million square meters

Office market activity remained relatively low in the first half of 2021, with limited signs of a return to pre-pandemic levels, as companies are still unclear as to when most employees will return to office, according to the Colliers market report for the first half of 2021.

The office building Mendeleev Office 5 reaches an occupancy rate of 95%

Mendeleev Office 5 office building, developed by Akcent Development in the center of the Capital and managed by the Asset Services team of Cushman & Wakefield Echinox, has attracted a new tenant, the advertising agency Jam Session Agency, reaching an occupancy rate of 95%.

Commercial real estate transactions in Romania could reach EUR 900 mln this year

The volume of transactions with commercial real estate projects could amount to EUR 900 mln this year in Romania, a level similar to that recorded in 2020, according to firm JLL.

THETA Furniture & More invests EUR 4 mil. in a new production factory

THETA Furniture & More, one of the largest players in the interior fit-out segment in Romania, announces the start of construction works for its new production factory, near Bucharest, with approximately 5.000 sqm capacity. Using cutting-edge technology, the factory will produce custom-made furniture and it is planned to start operations early 2022.

8 out of 10 employees want to work in a healthy office. A certified building limits the risks and reduces the level of stress

Almost 96% of Romanian employees consider that the standards that certify the level of resilience of a building in the face of a pandemic are not only useful, but also necessary in the current context, according to a survey initiated by Genesis Property among 1,208 employees across the country.

The largest office portfolio with COVID-19 certification compliance: CA Immo receives certifications for all its 7 buildings in Bucharest

CA Immo has obtained the internationally COVID-19 Compliant certification granted by Safe Asset Group and the DEKRA Trusted Facility certification for its entire Romanian portfolio, thus confirming the measures implemented to comply with national and international health and hygiene regulations and protocols.

New investor on the Romanian real estate market: CBRE assisted Adventum in the acquisition of Hermes Business Campus

CBRE Romania assisted Adventum Group, a CEE focused real estate investment manager, entering on the Romanian real estate market through the acquisition of Hermes Business Campus, an office complex located in the north Bucharest. Adventum’s first investment in Romania marks the biggest office transaction in Bucharest in 2021 as well as the largest investment of a new real estate player in Romania since 2018.

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