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Articles - transactions

The Romanian investment market grew in the first half of the year

The first half of the “pandemic year” closed with a total value of investment transactions worth 408 million euro in Romania, around 18% above the first semester of 2019, with office assets accounting nearly 86% of volumes, according to Colliers International’s market report for the first semester of 2020.

The new demand for offices is declining, the occupancy rate remains constant

New office space delivered in the first half of the year reached nearly 105,000 square meters, in tune with Colliers International’s estimates, but total demand in Bucharest was down by nearly 28%, to a bit over 124,000 square meters, while new demand halved after an exceptional year, to under 45,000 square meters.

Commercial real estate transactions in Romania, 21% up in the first half of the year

The volume of commercial real estate transactions in Romania increased by 21% in the first half of the year, compared to the same period in 2019, and Bucharest accounted for almost 90% of the total, with an estimated value of 410 million euros, a JLL study reveals.

Transactions on the office market, the historical minimum in the last 5 years

The pandemic severely affected the office market, so office transactions slowed in the second quarter of this year.

Globalworth has leased over 25,000 square meters of offices in Romania during the pandemic

The Globalworth's portfolio in Romania has been consolidated by the prolongation and/or the extending of the lease contracts for a period of 3 - 11 years with key partners such as Adecco, Cegedim, Clinicile și Laboratoarele Sfânta Maria, Mazars, and one of the most important banks in the system that has rented the Globalworth building on the Exhibition Boulevard.

CIT One rented 1,000 sqm in the Paris building within Sema Parc

River Development, the developer of the mixed-use project Sema Parc, announces the signing of a new lease with CIT ONE for an office space of approximately 1,000 square meters, within the Paris office building.

Connect44 is expanding and leasing a total of 1,000 square meters in Vox Technology Park

Connect44 Romania rented a total of 1,000 square meters of office space in Vox Technology Park Timisoara. The expansion of an additional 750 square meters was signed in March, the contract being valid for five years, with the option to extend the lease period.

Novo Nordisk has completely leased the 9th floor of the office building Țiriac Tower in Bucharest

The pharmaceutical company Novo Nordisk has completely leased the 9th floor of the Țiriac Tower office building, developed by Țiriac Imobiliare, located in Victoriei Square.

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