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Articles - transactions

S IMMO bought Campus 6.2 and Campus 6.3 office buildings in Bucharest from Skanska

S IMMO bought Campus 6.2 and Campus 6.3 office buildings developed by Skanska in the Center-West submarket of Bucharest. The transaction volume is approximately EUR 97 mln.

Portland Trust to lease 4,000 sqm ground floor of its J8 Office Park

Portland Trust announces the leasing of the ground floor retail area comprising 4,000 sq m of its new 46,000 sq m net office development, J8 Office Park. The ground floor has been designed to offer the office tenants and the local community a wide range of food options, retail and services, all set around a large, verdant and attractive courtyard.

Zetta University to rent 450 sqm in Vox Technology Park

The American Zetta University, from West Virginia, will start its activity in Romania in February 2021, through an academic partnership with Salem University. The university leased an area of 450 square meters in the Vox Technology Park office project in Timisoara, with the option to expand to 2,000 square meters by the end of 2021.

Public Affairs Solutions relocates offices to the ONE Tower building, developed by ONE United Properties in the Floreasca area

Public affairs company Public Affairs Solutions (formerly McGuireWoods) has decided to relocate its office space in the ONE Tower building, developed by One United Properties in the Floreasca area.

CA Immo leases 1,300 sqm in Bucharest office building Orhideea Towers

After a thorough market analysis, MassMutual chose Bucharest landmark building Orhideea Towers for their Global Business Service Center, signing a lease agreement for 1,300 sqm on the top floor.

The office space market in the third quarter was pulled up by renegotiations

In the third quarter of 2020, just ended, the office rental market in Romania accumulated 56,730 square meters and approached the same quarter of 2019, representing about 88% of that period, according to an analysis by ESOP Consulting. For more than half of these spaces, tenants preferred to stay in the same office buildings, with extension contracts being signed.

Casa Rusu relocates its HQ in Vox Technology Park from Timisoara, and leases 500 sq.m. of office space

Casa Rusu, one of the largest furniture manufacturers and retailers in Romania, already took over the new space in Vox Technology Park office building from Timisoara, inaugurating the new headquarter at the beginning of October.

AFI Europe takes 170 million loan for the acquisition of NEPI Rockcastle’s office portfolio in Romania

Wolf Theiss Bucharest advised a syndicate of banks consisting of Erste Bank Group AG, pbb Deutsche Pfandbriefbank and Banca Comerciala Romana in relation to a EUR 170 million facility granted to AFI Europe group for the purposes of acquiring NEPI Rockcastle’s office portfolio in Romania.

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