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Office Market News

New office transaction: entrepreneur Alin Niculae buys Iride Business Park for 44.7 million euros

Romanian entrepreneur Alin Niculae, who controls the largest independent distributor of petroleum products, bought the myhive Iride (Iride Business Park) office building in Pipera.

One United Properties posts a consolidated turnover of 140.6 million euros and a gross profit of 53.2 million euros in the first six months of 2024

One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a 10% increase in the profitability of the company’s key segments, which comprise the net income from residential properties and net rental income, while consolidated revenues reached EUR 140.6 million in the first half of 2024. Gross profit stood at EUR 53.2 million, while net profit reached EUR 46 million.

Top countries for real estate investment in Romania in 2024

The number of commercial properties acquired by Romanian investors is by far the highest in the top ten. 12 properties were acquired between the beginning of the year and the end of August 2024, with prices ranging from EUR 1.4 million to EUR 44.7 million. The Iride office complex in the Pipera district of Bucharest is the most significant acquisition this year by a Romanian investor, Alin Niculae, shows the latest FORTIM Study.

Reff & Associates and Deloitte Romania assisted Helinick, a leader in buildings safety and security systems, in the sale to Convergint, one of the largest global players in the field

A team of lawyers from Reff & Associates | Deloitte Legal and tax experts from Deloitte Romania assisted the local company Helinick, specialized in the design and implementation of electronic security, fire safety, communications and building management systems, one of the leaders of the local market in the field, in the sale to Convergint, one of the largest global players in this area. The transaction was completed in July 2024 and marks Convergint's entry into the Romanian market.

Interviews

Hotspot Skyhub, office spaces for the future generation - interview with Tudor Popp, Founding Partner Hotspot

Hotspot Skyhub, the second professional Hotspot hub, located in Orhideea Towers, will open in the last quarter of 2022. We spoke to Tudor Popp, Founding Partner, about the challenges of this project and the details of the investment.

Tenants search for flexible and tailor made office solutions, both in terms of space and lease

An interview with Fulga Dinu, Country Manager Operations at IMMOFINANZ Romania

Transactions

Date Business Center Tenant m2 Lessor
2024 Q3 Arghezi 4 Sciccheria, Steam, Velocita, French Revolution 375 Cushman & Wakefield Echinox
2024 Q3 Sky Tower Flanco Retail 1150 Raiffeisen Property Holding International
2024 Q3 ETHOS HOUSE SC Intaro Insurance Services SA 1000 Ethos House

More Transactions »

Best of 2024

  • Largest Rental:

    Hermes Business Campus - Griffes, with 29000m2 rented space

  • Most Active Office Building:

    Hermes Business Campus, 1 rentals, with 29000m2 rented space

  • Most Active Lessor:

    Griffes, 1 transactions, transactions total space: 29000 m2

Contact Us

Do You Have Any Questions?

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Adina Camara

+40 748 886 010


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