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Articles - transactions

Hagag Development Europe adds a new office building to its assets portfolio

Real estate developer Hagag Development adds a new investment to its assets portfolio, as the company has recently purchased an office building located on 5-7 Vasile Lascar street, 400 meters away from Bucharest’s KM 0 area.

PTC expands its Romanian offices at Riverplace, a project owned by CA Immo

PTC has expanded its offices in Riverplace, a project owned by CA IMMO and located in the Politehnica area of Bucharest, thus occuping 4.800 square meters in the office project. The transaction was intermediated by the real estate consultancy company Cushman & Wakefield Echinox.

Emerson to be New Tenant at Globalworth Campus in Bucharest

Emerson, a global technology and software company, is to be a Globalworth tenant from April 2022. The company has signed a seven-year lease for a 1,100 square meter office space in the Globalworth Campus C in Bucharest.

NAOS Skin Care Romania moves to The Mark, through Fortim, a member of the BNP Paribas Real Estate Alliance

Naos Skin Care Romania, extends its office premises in Bucharest, doubling the rented area. Bioderma has signed a lease agreement for an office space of 535 sqm, within The Mark office complex, at the second floor of the Tower building.

Top 5 reasons to review conditions on the office market

By the end of 2022, only six office buildings totaling just 135,700 sq m GLA will be added to the Bucharest’s modern stock, slightly increasing it up to 3.33 mln. sq m. 65% of the future new supply is part of the West - Central sub-market where AFI, One United Properties and River Development are preparing to bring to the market three new schemes.

Sameday is the newest tenant of Globalworth Square, occupying more than 4,200 sqm

Globalworth, the leading office investor in Central and Eastern Europe (CEE) and the leader of the Romanian office market, announces the signing of a new lease contract for Globalworth Square. Sameday, one of the leaders in the courier market in Romania, became a tenant of Globalworth Square, the most technologically advanced office building in the Globalworth portfolio. Starting with November 2021, the lease was signed for 5 years for an area of 4.259,04 square meters GLA.

The Romanian investment market recorded transactions of almost 900 million euros in 2021

The total value of real estate investments approached 900 million euros in Romania in 2021, more than a third of the traded amount being registered in the last three months of the year, according to Colliers Romania consultants.

The local mergers and acquisitions market was dominated in 2021 by strategic investors, and the most active sectors were real estate, energy and technology

Strategic investors were the most active buyers on the local mergers and acquisitions market (M&A) in 2021, with over 60% of the total number of transactions, followed by institutional and private investors (20%) and private equity firms (17%), according to a Deloitte Romania analysis.

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