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Articles - transactions

Record long-term partnership in an iconic office complex: CA Immo renews the lease for Sony offices in Bucharest Business Park

CA Immo has renewed the lease contract with Sony for another five years, thus becoming one of the longest leases in Bucharest Business Park.

The demand in Bucharest office market will increase by 20-30% this year

The demand for office spaces in Bucharest will increase by 20-30% this year, given that a significant part of the major tenants have exceeded expectations and are actively evaluating the options for space optimization, according to Cushman & Wakefield Echinox consultants.

What areas do office tenants come from: a growing sector is e-commerce

The domains from which office tenants come are balanced in weight. A new, niche sub-domain, that of e-commerce, is growing and giving a boost to the field of professional services, to which it belongs, according to the monitoring carried out by ESOP Consulting in 2020 and in the first month of 2021.

Bucharest office market registered a consistent return of demand in the last quarter of 2020

In the last quarter of 2020, in Bucharest there were transactions of office spaces with a total area of 77,000 square meters, the highest quarterly value of the year, thus bringing the annual volume of transactions to approximately 237,000 meters squares, according to the real estate consulting company Cushman & Wakefield Echinox.

In 2020, over 240,000 sq m of office space were traded

The office space market in Bucharest registered in 2020 a total volume of transactions of approximately 240,000 sq m, a level similar to that of 2015, CBRE data show. The local developer One United was, together with the investment funds Immofinanz and Globalworth, among the most active players in the office market, both in the relocation segment and in the segment of existing contract extensions.

Almost 300,000 square meters of offices rented in 2020 in Romania

The office market in Romania had a 36% decrease last year from the record level of 470,000 square meters recorded in 2019 to 300,000 square meters (areas include transactions made through agents and those concluded directly between landlord and tenants).

The Romanian investment market shows incredible resilience in face of the pandemic in 2020

In 2020, the total volume invested in real estate assets in Romania reached €914 million, a 28% increase compared 2019, illustrating the overall resiliency of the Romanian investment market during the Covid-19 pandemic, according to the Romania Investment Marketbeat launched by Cushman & Wakefield Echinox real estate consultancy firm.

Kromberg & Schubert leased 2,000 sq.m. office space in Vox Technology Park

German wire harness systems producer for the automotive industry Kromberg & Schubert leased 2,000 square meters of office space in Vox Technology Park from Timisoara.

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