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Articles - extensions

Endava Romania renews its lease at the UBC building, part of the IULIUS portfolio in Cluj-Napoca

British software services company Endava has renewed its lease for a further five years at the United Business Center building, part of the Iulius Mall Cluj development. The deal, brokered by real estate consultancy Colliers, covers 4,300 square meters of office space and will allow the company to strengthen its local team and continue its expansion in Cluj-Napoca

UniCredit Romania extends lease agreement for the iconic building on Expoziției Boulevard

Globalworth, the leading office real estate investor in Central and Eastern Europe (CEE), is delighted to announce the extended lease agreement with UniCredit Romania for the distinguished UniCredit HQ building.

Huawei extends its lease in the Globalworth Tower

Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, extends its lease in the Globalworth Tower building, Bucharest, for an extra of 1,000 sqm of office space. Thus, starting July 2022, Huawei will carry out its activity in a total area of 12,600 sqm in the first building in South-Eastern Europe to receive LEED Platinum.

GTC announces Webhelp lease prolongation in Romania

GTC, one of the leading real estate companies in Central and Eastern Europe, announces the lease prolongation by Webhelp Romania for approximately 5,000 square meters in Premium Plaza, GTC’s emblematic project in Bucharest.

Prime Kapital extended its lease in Globalworth Tower, Bucharest

Prime Kapital, an integrated real estate developer, investor and operator, extended its lease in Globalworth Tower, Bucharest. The new deal is signed for an extra of 1.941,5 sqm of office space for the next 5 years.

CA Immo extends the contract with ING Bank in Opera Center I

CA Immo has extended the lease for the ING Bank branch of Opera Center I, part of the Opera Center office project, a landmark building located in the center of Bucharest. This is the longest lease for an ING Bank branch in a modern building in Romania.

IT giant Tech Mahindra expands its office in Vox Technology Park with 1.500 square meters

IT giant Tech Mahindra expanded its offices in Vox Technology Park from Timisoara with 1,500 square meters, thus reaching a total surface of 2,100 square meters of office space within the project.

The office space market in the third quarter was pulled up by renegotiations

In the third quarter of 2020, just ended, the office rental market in Romania accumulated 56,730 square meters and approached the same quarter of 2019, representing about 88% of that period, according to an analysis by ESOP Consulting. For more than half of these spaces, tenants preferred to stay in the same office buildings, with extension contracts being signed.

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