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Articles - Office leasing

Top of most attractive office projects in 2014, the buildings which attracted companies with 15,000 employees

Ten office projects in Bucharest, completed or in development, have attracted last year 50 new tenants which rented total spaces of 138,400 sq. m.

European Funds Ministry relocates to Tower Center

European Funds Ministry will relocate in the office building Tower Center in Piata Victoriei, owned by the businessmen Ioannis Papalekas and Dragos Bilteanu.

Oana Iliescu, DTZ Echinox: Slight Improvement registered by the real estate market this year

The real estate consultancy services market stays for the fifth year at a low level compared to other consultancy fields but also compared to the level registered by this market before 2009, the total volume of the real estate consultancy market being currently under the level registered individually by some players before 2009, said Oana Iliescu, managing director DTZ Echinox.

Mars Inc. and Royal Canin to consolidate their Romanian operations

Mars Inc. has extended the lease for the premises of approx. 600 sq. m occupied within the office building situated on 169A Calea Floreasca St., owned by NEPI. Royal Canin has relocated next to its parent company, Mars Inc., renting an office space of approx. 350 sq. m on the 7th floor of the A building, in order to offer more visibility to the operations in Romania and to be more efficient in their communication with the clients.

The Advisers/Knight Frank signs the relocation of Honda to Global City

The Advisers/Knight Frank, leader of the office market for the past 5 years and recently awarded „Office Agency of the Year” at the CIJ Awards 2014, has advised on the relocation of Honda Trading Romania in Global City.

Ericsson wins contract with Orange and expands its office with 30 pct.

Swedish communication industry group Ericsson, which has reached on the local market approx. 3,000 employees, continues to expand and rented in Bucharest a complementary space of approx 5,000 sq. m as the business increased and the company won a externalized services contract with Orange Romania, the largest mobile phone operator on the local market.

The Office in Cluj-Napoca reaches 80 percent occupancy rate

The first building of The Office, a class A project developed in downtown Cluj-Napoca, by real estate investment fund New Europe Property Investments (NEPI) and Romanian businessman Ovidiu Sandor has reached an occupancy rate of 80 percent, according to the developers.

Deutsche Telekom leases building in Globalworth Campus

Greek businessman Ioannis Papalekas and Telekom Romania Telecommunications, part of Deutsche Telekom Group, signed a 10-year lease agreement for 25,000 square meters in the first office building in Papalekas’ Globalworth Campus office development in northern Bucharest.

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