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Articles - new office developments

NEPI postpones for Q3 the delivery of Victoriei Office project in downtown Bucharest

South-African investment fund NEPI, one of the largest players in the real estate local market, will complete its office project Victoriei Office in Q3, more than one year later than the initial estimations.

Local DIY retailer Dedeman plans the development of 10 floors office tower in Bucharest

The owners of Dedeman, the largest DIY retailer in Romania, a company owned by the brothers Dragos and Adrian Paval, are planning to build the first headquarters of the company locally, a project including 10 floors, on a plot of land situated near Esplanada Shopping Center in Pantelimon neighbourhood in Bucharest.

Anchor Group to reconvert 20 pct. of the Plaza Mall in Bucharest to offices

More than 10,000 sq. m of the Plaza Mall area will be reconverted in office spaces, a project currently undergoing under the renovation process of the mall in Drumul Taberei neighbourhood in Bucharest, which will be completed this spring.

Knight Frank: Growing interest for downtown Bucharest offices

The commercial real estate investment market will continue this year the strong growing trend felt in 2015 too, as the temporary data shows that the volume of transactions increased with more than 20 pct. compared to the precedent year, according to Knight Frank’s study, and 2016 will bring important changes on the office market, including on the local market.

The first building of Oregon Park project is now fully leased

The first building of the new office project Oregon Park, developed by Portland Trust, one of the largest real estate developers in Romania, is now completely leased. The office space has been occupied by the American company Oracle.

Record area of office space to be delivered in Bucharest this year

Bucharest will see a record area of office space delivered this year, according to the real estate consultancy company CBRE.

AFI Park 4&5 reach 50 pct occupancy rate two weeks before delivery

Two weeks before being delivered, AFI Park 4&5 reached a 50 percent occupancy rate, real estate developer AFI Europe Romania announced. This means that 16,000 sqm have been pre-leased of the total surface of the towers.

Iulian Dascălu to complete two office buildings in Iași

Businessman Iulian Dascălu will complete in the first part of the year two new office buildings within United Business Center (UBC) complex in Iași, with a total of 24,000 sq. m, where 3,000 people will work, adding to the 3,900 employees already present in the complex.
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