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Articles - transactions

CA Immo sold its Romanian office portfolio to Pavăl Holding in the biggest commercial transaction in Romania

Global real estate advisor, CBRE, has advised CA Immo on the sale of its Romanian office portfolio to Pavăl Holding. The portfolio is comprised of seven high-quality office properties located in Bucharest, as well as the highly experienced Romanian management team.

Bookster joins the YUNITY Park community for a period of 10 years

Genesis Property, one of Romania's leading Class A office developers, has signed a 10-year contract with Bookster, the most popular employee benefits in over 1,200 companies in Romania. Starting December 2022, Bookster will be headquartered in Building D of YUNITY Park, a new campus business model that will sustainably and uniquely integrate spaces for experiences relevant to the work and lifestyle of the future.

Zimmer Biomet Holdings, a world leader in medical technology, opens its first Romanian branch in Sema Parc

River Development, the developer of Sema Parc and The Light projects, announces the lease of office space to Zimmer Biomet Romania in the Paris office building in Sema Parc.

After a robust first half of 2022, the market recovery has slowed down

Activity in the office market recorded its first slowdown in the third quarter of this year after four strong quarters. Overall, total demand of 68,800 square meters was stable compared to last year and also to the average of the last four quarters, but new demand was at only 22,200 square meters, which is a decrease of 39% from last year, according to data from Colliers.

Forte Partners sells to Pavăl Holding the first phase of the U•Center office project

Forte Partners announces the signing of the sale transaction of the first phase of the U•Center office project in the Tineretului area of Bucharest to Pavăl Holding. The office building is 100% leased to companies such as Booking Holdings, Endava, Lensa, Up Romania, BT, Neuroaxis, DCS plus.

SkyTower signs 10-Year Lease with CAFÉLIER

SkyTower Building, the tallest office building in Romania, signs a new 10-year lease contract with CAFÉLIER – a premium specialty coffee shop operator offering a wide range of specialty coffees, artisanal sweets, and drinks.

Top cities that attracted the most office tenants in the third quarter of 2022

Across the country, in the last three months, companies have leased modern offices with a total area of 108,747 sqm, both new offices and contract extensions, up 9% from the same quarter of 2021, according to an analysis by Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.

Alpha Bank Romania leases 5,000 sq m in GTC office building City Gate Bucharest

GTC real estate company has announced one of the most important lease transactions of the year. Alpha Bank Romania, part of Greek Alpha Bank Group, will be relocating part of its operations to City Gate North Tower starting January 2023.

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