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Articles - transactions

Vox Property Group, 4,650 square meters of office leased in 2021

Vox Property Group, one of the most important real estate developers in the western part of Romania, leased in 2021 a total of 4,650 square meters of office space in Vox Technology Park, a project delivered in Timisoara after an investment of EUR 30 million.

Euroins Romania has a new headquarter located in J8 Office Park in Bucharest

Euroins Romania has a new headquarter located in J8 Office Park in Bucharest. The 300 employees of Euroins in Bucharest have already started working in this new modern office located in J8 Office Park. Euroins office is spread across an entire floor, in a rented space of 2,398 sqm.

World Class will open a new location within One Cotroceni Park

One United Properties S.A., one of the leading green developers of residential, mixed-use and office real estate in Romania, listed on the Main Market of the Bucharest Stock Exchange (symbol ONE), announces that World Class will inaugurate a new location in a space of 2,352 square meters within One Cotroceni Park development in Bucharest. The transaction was intermediated by the real estate consulting company Cushman & Wakefield Echinox.

CEGEKA is the new tenant at MIRO Offices

Speedwell and CEGEKA continue their collaboration by welcoming the IT&C company as a new tenant at MIRO, the A-class office project developed in Bucharest. The two companies have signed an agreement for a 1.600 sqm lease, taking MIRO to an 85% occupancy rate. CEGEKA has also contributed to Speedwell’s office buildings’ digitalization by collaborating on creating innovative solutions.

Financial, medical, IT&C, and retail, among the most active sectors in the office leasing market

The financial sector, medical service operators, IT&C, and retail companies were the most active tenants in the office leasing market in Bucharest last year, in terms of the average transaction size, according to Cushman & Wakefield Echinox.

Egis Pharmaceuticals has relocated its main offices at One Tower building

Egis Pharmaceuticals is among the companies that have relocated their headquarters this year to the A class office building One Tower, part of the multifunctional development One Floreasca City.

Commercial real estate companies estimate revenue growth this year, transactions activity to intensify

Commercial real estate representatives (retail, business centers and offices, logistics spaces) estimate, in a proportion of 80%, a revenue increase this year compared to 2021, and 73% expect transactions activity to intensify over the next 12 months, according to the Deloitte 2022 Commercial Real Estate Outlook global study.

The market for new office rentals has advanced by 20% in 2021, compared to 2020, in Bucharest

Office tenants have signed new contracts for about 19,000 employees, according to a study by Fortim, a member of the BNP Paribas Real Estate Alliance. Thus, in 2021, new office transactions were made, "net take up" (excluding contract renewals) totaling 187,896 square meters, 32% more than last year, despite health restrictions caused by the pandemic.

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