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Articles - Office leasing

Signs of renewed interest in Romania

The question remains as to when Romania will regain its status as a popular destination for investors and developers with a yield premium on Central Europe and office and retail development opportunities in Bucharest and major regional cities.

New Hub for IT Multinational Companies in Romania

Transactions involving office spaces in Romania’s capital city Bucharest exceeded 300,000 square meters in 2013, the highest volume reported in the last six years, with one third of the transactions closed by IT&C companies.

Vodafone to relocate next year to Bucharest One

The mobile phone operator Vodafone, with annual turnovers of EUR 800 million and approx. 3,300 employees on the local market will relocate next year its Bucharest quarters to the office tower Bucharest One, currently developed by the Greek businessman Ioannis Papalekas between Pipera passage and Promenada mall in northern Bucharest.

Good signs for the office market in 2014

2014 starts optimistically in real estate, the dynamism is growing on the office market, says Ilinca Paun, the head of Colliers, a real estate consultancy company with 4.5 million dollars turnover registered last year.

Schneider Electric Romania, first tenant of Green Court Bucharest

Schneider Electric Romania has leased approximately 3,100 sqm of office space in the first building of Green Court Bucharest, the office project developed by Swedish Skanska in the Barbu Vacarescu area of the capital.

Metro Systems Romania will extend its rented surface in Brasov Business Park

Starting March 1st 2014, METRO SYSTEMS Romania S.R.L., a subsidiary of METRO SYSTEMS GmbH, offering support in the business with their IT competence in developing and operation, will extend its operations in Brasov by renting an additional surface of 77,28 sq.m. to the actual rented surface of 224,5 sq.m.

KRUK Romania rented 2,000 sq. m in River Plaza in Bucharest

KRUK Romania, one of the largest debt recovery companies in Romania, has rented 2,000 sq. m offices in River Plaza building, situated in Unirii area, in the vicinity of the Romanian Chamber of Commerce and Industry.

CBRE: Romanian office market to settle down between 2014-2016

The local office market has undergone major transformations between 2008 and 2013 going from a “landlords’ market in 2008” to a “tenants’ market” over the next years, according to CBRE Romania.

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