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Articles - office development

The modern office stock in 15 CEE countries will reach 30 million sqm by 2021

The largest supply of modern office space in 15 CEE countries was recorded in Warsaw, Budapest and in Prague, while the biggest increase of new supply in H1 2019 was noted in Bucharest (185,000 sqm), according to the newest report by real estate consultancy company, Colliers International. On a per capita basis, Bucharest’s office surface is around one third below Warsaw’s, which is also significantly below other Western European markets, so there might be room to grow.

One United Properties has ongoing office projects of 150,000 sqm, totaling investments 220 million EUR

One United Properties, a company with Romanian capital, has ongoing office projects of 150,000 sqm for the following three years, totaling investments of 220 million EUR.

Around 77% of Bucharest’s offices are close to major subway stations

The largest office deliveries by end-2020 will be near Aurel Vlaicu and Politehnica stations.

Ţiriac Holdings to invest hundreds of millions of euros in a mixed-use project in Expozitiei area

Billionaire Ion Ţiriac, through Ţiriac Holdings, wants to build on the land owned in the Expozitiei area of Bucharest, the most complex project in the area, including 24 buildings with a maximum height of up to 80 meters, according to the documentation submitted to the City Hall of Bucharest.

Ceetrus completed the third phase of the Coresi office project in Brasov

Ceetrus real estate developer (formerly Immochan) announces the completion of the third phase of the Coresi Business Park office project in Brasov, following an investment of 14 million euros.

AFI Europe expands the AFI Park office complex to 200,000 sqm

AFI Europe will start of a new project on the 4.3 hectare plot, bought last year for 23 million euros from Broadhurst Investments. According to the project, AFI Europe will expand the AFI Park office buildings, but will also add a residential component with about 300-350 apartments.

The most effervescent real estate market in Romania stays Aurel Vlaicu area in Bucharest

The area near Aurel Vlaicu metro station, at the intersection of Barbu Văcărescu Boulevard, Pipera Road and Floreasca Road, continues to be the most effervescent real estate hub in Romania, developing rapidly over the past 10 years as the new business center of Bucharest, the existing stock being almost completely occupied (vacancy rate

AFI Europe Romania will begin the development of AFI Tech Park 2 next year

Israeli group AFI Europe Romania announced that it will begin the development of the second building in the AFI Tech Park office complex.

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