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Articles

One United Properties contracts a 20-million-euro increase to the 2021 financing agreement for One Cotroceni Park Office (Phase 1 and Phase 2)

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the contracting of a 20 million euro increase in the financing obtained in 2021 for the development of One Cotroceni Park Office Phases 1 and Phase 2. The financing banks for the increase are Banca Comercială Română S.A. and BRD Groupe Société Generale S.A. The purpose of the increase for One Cotroceni Park Office Phase 1 and Phase 2 is to reimburse shareholder loans and cover other costs related to the credit facility increase transaction.

RE/MAX network expands in Romania

Residential broker RE/MAX has announced the expansion of its Romanian network with five new franchises in five cities.

Personal development or nutrition workshops and also product tastings are highly appreciated by the employees working in office buildings

Personal development and nutrition workshops, massage sessions and multisensory experiences such as cheese or ice cream tastings organized by office building landlords are highly appreciated by employees. These initiatives aim to create a work environment which encourages a gradual return to offices. The budget allocated for these actions can reach up to €10,000 per year per building, an amount which has a minor impact on the owners’ rental income.

Flanco Relocates to SkyTower Bucharest, Romania’s tallest building

Flanco Retail, one of Romania’s leading retailers of electronic and household appliances, announces the move of its headquarters to SkyTower, the tallest building in the country and a notable sustainable landmark in Bucharest.

Ethos House announces the lease of 1000 sqm of its office building to SC Intaro Insurance Services SA

Ethos House, a class A office building located in the top commercial area of ​​Bucharest, is pleased to announce the signing of a office lease for 1000 square meters of the total available 2900 sqm, starting on January 1, 2025. The space will be taken by SC Intaro Insurance Services SA, a company with a tradition of excellence in insurance services and MGA structure.

Vectr Realty acquires The Landmark offices in Bucharest from Revetas Capital

Vectr Holdings, through its subsidiary Vectr Realty, acquired 100% shares of the company that owns The Landmark office building in Bucharest, as part of its growth plans in Romania. The property was bought from funds managed by Revetas Capital and affiliates of Cerberus Capital Management.

Romanian real estate market ends the first half of the year with a favorable outlook

Large infrastructure investments, significant salary growth above inflation, a stable external economic context, and central banks’ victory in combating inflation are helping the Romanian real estate market maintain a favorable outlook. However, results are generally mixed, according to Colliers Romania experts in their market report for the first half of the year, set to be released at the end of the month.

MHP Romania opens its first offices in Bucharest at MUSE Offices

Primavera Development, in partnership with consultancy firm Griffes, announces the opening of the first Bucharest office of MHP Consulting Romania, the IT division of the Porsche group, in MUSE office building. This initiative marks a significant milestone for MHP and represents an important step in consolidating the company’s presence on the Romanian market.

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