Outside Bucharest, companies leased less than a fifth of the total traded area in Bucharest, according to a study conducted by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance. In total, the companies leased new modern spaces, at regional level, with a total area of 37,441 sqm, which represents 18% of the volume registered in Bucharest, at the level of 2023.
Genesis Property, one of Romania’s leading office building owners, and HP Inc. Romania have signed a 5-year lease extension for 7,000 square meters of office space in YUNITY Park, the most innovative office campus in Romania.
Today, an ESG-compliant office is not only a necessity due to market changes and EU requirements but also an added value for employees. For this reason, Skanska has developed an offer to tenants consisting of services to support them in creating sustainable workplaces and non-financial reporting.
Lemon Office Design, the interior design division for office spaces of Lemon Interior Design company, announces the successful completion of the layout project for BAT Digital Business Solutions. This dynamically and inspiringly arranged workspace is located at One Cotroceni Park, one of the most modern real estate developments in Bucharest, boasting LEED Platinum v4 certification, attesting to sustainable operation and minimal environmental impact, as well as WELL Health and Safety certification, which assesses health and well-being in the workplace.
Blankfactor, a global provider of end-to-end digital transformation technology solutions for global financial services and payments giants, has selected SkyTower, a landmark office building in Romania, in a strategic real estate transaction, which was facilitated by valued-partner CBRE Romania, with the aim of Blankfactor moving into the space by March 2024.
CPI Property Group, one of Europe’s leading real estate owners, announces the expansion of its local office community by signing a lease agreement with Swietelsky, an international construction group, based in Austria. The new tenant will occupy an area of approximately 1,250 square meters, in myhive S-Park office building, the contract being signed for a period of 5 years, starting with March 2024.
116,000 sq. m of office spaces were leased in Bucharest in Q4 2023, thus bringing the total 2023 transactional volume to over 463,000 sq. m, an all – time annual take-up record, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The volume in question increased by 43% y-o-y, with a 19% growth also being recorded when compared with the previous benchmark of 390,000 sq. m set in 2019.
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