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Articles - Office leasing

Bega Grup opens 11,000 sqm offices in Timisoara with EU financing

The first phase needed an investment of EUR 3.5 million, the total budget of the project reaching EUR 10 million. The first phase is 70% pre-leased, while the second phase is 40% developed and is scheduled for completion in the first quarter of 2014. The next phases will be decided depending on the evolution of the market request.

Ernst&Young moved in Tower Center in Victoriei Square

Ernst&Young, one of the biggest audit and consultancy firms has moved its headquarters starting today in the office building Tower Center on Ion Mihalache Blvd.

Biggest private construction sites in Bucharest

The biggest ten private construction sites in Bucharest involve total investment of approx. EUr 500 million and will deliver on the market 11 new office buildings, the nineth mall in Bucharest, another four residential buildings and a hypermarket.

Global City Business Park will have green certification

The process of LEED certification for green buildings is currently undergoing for Global City Business Park. The pre-assessment process was completed, and implementation procedure should be determined.

Bucharest, in Top 15 cities with biggest office occupancy cost cuts

Bucharest occupies the 12th place in the top of world cities with the biggest office occupancy costs cuts in the last year, with 6.1% decrease in 1Q 2013 compared to 1Q 2012, according to CBRE real estate consultant.

Sun Offices reach 85% occupancy rate

The Austrian company S Immo, the owner of Sun Plaza mall in Bucharest has reached 85% occupancy rate for Sun Offices, the office building near the mall, after the touristic operator G2 Travel leased 1,000 sqm office spaces.

Warsaw office market view in BNP Paribas Real Estate report - European Office Market 2013

Analysis of the Warsaw office market prepared by BNP Paribas Real Estate supports experts’ assumptions – 2013 will be a record year when it comes to the amount of delivered new office space. Furthermore, the European Office Market Report shows that the increasing number of constructed office buildings and vacancies in the capital impacts the decrease in rent rates.

Major companies are finally starting to sign office deals in the most troubled of districts in the Romanian capital

Office rental deals in the Pipera-Voluntari area have been difficult in recent years, as the area‘s poor infrastructure has been turning many potential tenants away. But a recent rash of deals in the vacancy-hit districts suggest that road improvements may finally be having the desired effects.

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