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Articles - Office leasing

Medium companies rented approx. 35,000 sq m offices in H1

The office spaces rented by the medium sized companies in the first six months of the year totalized approx. 35,000 sq. m, with 10 pct. more compared tom the similar period of last year. The most active companies were those in construction, real estate, personal and professional services, according to Esop.

Office transactions top: 20 companies rented 74,000 sq. m in H1 2014

Largest 20 office transactions in Bucharest signed in the first half of this year targeted the rental of spaces with a total area of approx. 74,000 sq. m, the equivalent of 3.5 pct. of the 2.1 million sq. m office stock of Bucharest, according to a ZF analyze.

Luatel Call center relocate its headquarters in Cubic Center, Pipera

The outsourcing company Luatel (with activities on the markets in Brazil, Germany and Romania) is renting 860 sq. m in Cubic Center from Pipera, a building included in Liberty Management’s portfolio, with the support of Crosspoint Real Estate.

RIB headquarters to relocate in Pipera

Romanian International Bank (RIB), bank purchased in December last year by the Polish financial group Getin Holding, rented 3,500 sq. m in Hermes Business Campus for the future bank headquarters, according to the real estate consultant Colliers International, the broker of the transaction.

Kellogg’s rents 2,500 sqm in Floreasca Park for its service center

Kelloggs Company announced Monday it rented office space of 2,500 square meters in Floreasca Park where it is set to open a service center.

Xerox Romania moves into new HQ in Hermes Business Campus

Xerox Romania announced it will be moving into a new headquarters located close to Pipera subway station, in the Hermes Business Campus, developed by Properties Investment (Atenor Group) starting June 30.

92,000 sq. m offices delivered in Bucharest in 1Q, but half of them are vacant

In the first half of this year offices were completed in Bucharest with a rentable area of 92,000 sq. m, but approx. half of these spaces don’t have yet tenants, according to a ZF analyze of the market data.

Tallest office towers in Bucharest currently underperforming

Sky Tower and Tower Center, the tallest office towers in Bucharest, had last year only EUR 2.4 million total revenues, although normally the revenues from rents of the two projects should have reached approx. EUR 12 million annually, according to ZF estimations.

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