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Articles - office rentals

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.

BetBrain Software rents 1,300 sqm in Nouveau Center

BetBrain Software, a company specialized in IT services, relocated in Nouveau Center in Lipscani area, an office building owned by the businessman Ion Tiriac, by renting a total area of 1,300 sqm.

Allianz-Ţiriac reduces its real estate portfolio to maximize investment yields

Allianz-Ţiriac plans to reduce the real estate assets in order to maximize the investment yields and to comply with the future European requests regarding the assets suitability, the first step being the intention to sell a building in Brasov for approx. EUR 9 million.

Starlight Suites hotel will turn into office building

Starlight Suites hotel, included in Metropolis Center complex in Bucharest will be transformed into an office building. The reconversion will be handled by the real estate consultancy company CBRE Romania, the project & cost manager designated for this process.

Office buildings selling prices

The office buildings in Bucharest are sold with EUR 1,100 – 3,800/sqm, while the office buildings in the other big cities from Romania have prices between EUR 400-1,250/sqm, according to the data available on spatiicomerciale.ro.

NEPI to develop a new office project in the centre of Bucharest

South-Africa’s New Europe Property Investments (NEPI), the most active investor on the real estate market in the last years will invest EUR 15 million for the renovation of Ormolu villa, situated in the vicinity of the Government building, but also for the construction of an office building.

Ernst & Young and Cegeka have leased nine floors in Tower Center

The audit and consultancy company Ernst & Young and Belgium’s Cegeka, an IT industry company have leased nine of the 22 floors of the office project Tower Center in Victoriei Sq., Bucharest, transactions that increased the occupancy rate of the project to approx. 70%, after several years of being empty because of litigations.

AFI Europe rented 90% of AFI Palace Ploieşti, to be opened in October

AFI Europe Romania, has announced an occupancy rate of 90% for the AFI Palace Ploieşti, to be opened on 3rd of October 2013.

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