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Articles - transactions

The CEE property investment market returned to growth in 2022

The total volume invested in income-producing real estate assets – office, retail, logistics and industrial spaces and hotels – in the Central and Eastern Europe returned to growth last year, a positive evolution mainly driven by the activity recorded in Romania and Slovakia.

Real estate was the most active sector on the local mergers and acquisition market in 2022

Real estate was the most active sector on the local mergers and acquisitions (M&A) market in 2022, with almost 60 of the 157 transactions of over 5 million euros recorded (36%) and with a value of over 1.7 billion euros out of the total estimated market of 6.5-7.5 billion euros (26%), according to a Deloitte Romania analysis.

In 2022, Companies Rented New Offices for 27,000 Employees in Bucharest

In total, in Bucharest, 332,922 sqm were traded, new office space rentals and renegotiations. The demand for new office space increased by 13% in 2022 compared to 2021, according to the analysis by Fortim Trusted Advisors, a member of the Paribas Real Estate BNP Alliance.

Bluehouse Capital sells Olympia Tower offices to Yellow Tree

Bluehouse Capital has sold Olympia Tower office building in Bucharest to Yellow Tree. Situated in the proximity of Unirii Square, the 2009 built class A office building comprises 10,000 sq m of GLA and is currently 93% occupied. The value of the transaction was not published.

ESRI, the new Globalworth tenant in Romania

Globalworth, the leading office investor in Central and Eastern Europe, announces a new leasing deal signed for 5 and a half years. ESRI Romania, a global market leader in geographic information system (GIS) software, location intelligence, and mapping, leased an office space of 540 sqm GLA in Globalworth Campus A.

Citi Romania relocates its headquarters to Tiriac Tower in Bucharest

Citi Romania announced the inauguration of its new headquarter offices in Bucharest, located in the Tiriac Tower on Buzesti Street.

SkyTower signs new leases and welcomes three new tenants: ZoidPay, Kubeark and Certion

SkyTower Building, the tallest office building in Romania, has concluded three new lease contracts, welcoming Romanian start-up ZoidPay, software developer Kubeark and real estate developer Certion as the tower’s new tenants. Together, the three new tenants have contracted a total office space of almost 2.000 sqm.

BAT Global Business Solutions to relocate to One Cotroceni Park office development

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the conclusion of a new important leasing contract in the office segment: Global Business Solutions (GBS), the largest shared services centre of the BAT group and one of six globally, is moving its offices from Romania to One Cotroceni Park, Phase 2.

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