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Articles - transactions

Romania’s largest office transactions market share - office transactions with areas between 1,000 and 3,000 m2

In the first three months of 2018, about half of the new office space transactions, pre-rentals and expansions covered areas ranging from 1,000 to 3,000 sqm, according to a study of ESOP Consulting company CORFAC International. This segment of the market is growing due to new tenants who opt for medium-sized office space.

Pernod Ricard Romania rents offices in Unirii View for its new headquarters in Bucharest

Pernod Ricard Romania, one of the largest importers of alcoholic beverages in Romania, rented an area of 600 square meters of office space in Unirii View, the tallest modern office building in downtown Bucharest.

Deloitte: Weak year start on the merger and acquisitions market in Romania

Romania's merger and acquisitions market amounted to 258 million euros in the first quarter of 2018, according to a Deloitte Romania analysis based on public sources and transactions with disclosed price. The level is significantly lower than in the first quarter of 2017.

Vastint leases 1,700 m² at Timpuri Noi Square to Zitec

Vastint Romania has leased 1,700 m² of office space to Zitec, in the mixed-use development project at Timpuri Noi Square in Bucharest.

Red Bull Romania sets up its office in Unirii View, in downtown Bucharest

Red Bull Romania has rented 600 square meters of office space in Unirii View and will thus establish its local office in the tallest modern office building in downtown Bucharest.

UPC rents 6,000 sqm within The Bridge office project in Bucharest’s Orhideea area

The cable and telecom company UPC Romania signed with the developer Forte Partners for 6,000 sqm of offices in The Bridge 2 building, under construction in the Orhideea area of the capital.

Real estate transactions number increased by 4.5% in February, close to 51,000

In February 2018, a total of 50,756 properties were sold, with 2,189 more than in February 2017, the National Agency for Cadastre and Real Estate Advertising reported.

2018, a turning year for real estate in Romania

The investment volume of investment in the office market could increase this year to 500 million euros, from 160 million euros in 2017, as 2018 is a year of turning in this segment, the projects underway for the next period including centers offices with an average surface area of more than 50,000 square meters, compared to an average of 20,000 sqm in those traded up to now, according to the report of the Colliers International real estate consultancy company.

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