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Articles - transactions

Office market in Bucharest ended 2017 close to record highs in 2016, over 170 transactions

The Bucharest office market ended 2017 close to record highs in 2016, with over 170 Class A and Class B transactions totalling 310,000 square meters, according to the annual Knight Frank European Commercial Property Outlook.

New Lease Agreement in AFI Tech Park: Concept Store “1 Minute” to open a new unit in the business campus

AFI Europe Romania has signed a new lease agreement for the AFI Tech Park business camp. The new tenant is Lagardère Travel Retail Romania with their "1 Minute" Quick Service Restaurant concept, who has rented a space on the ground floor of the AFI Tech Park 1 building.

Alpha Bank extends the lease for West Gate office park in Bucharest until 2026

West Gate business park, owned by Genesis Development, a company controlled by local entrepreneur Liviu Tudor, extended the lease agreement with Alpha Bank for another eight years until 2026.

ING Bank will relocate its headquarters to the Blue Rose Office Park in northern Bucharest

ING Bank will consolidate its operations and relocate its headquarters in Bucharest to Blue Rose Office Park, the newest project of Portland Trust, which is being developed in the North of Bucharest, Expozitiei Area.

The office stock in Bucharest remains constant, increasing the occupancy rate

As the office stock in Bucharest remained constant, the vacancy rate dropped to about 8.2%, compared with 9.3% at the middle of the year.

Real estate investments in Romania, much lower than in Poland and the Czech Republic

Romania has reached a real estate investment volume of about 400 million Euros in the first half of the year, a quarter compared to Poland (1.5 billion Euros) and even farther than the Czech Republic (2 billion Euros).

AutoKarma buys office building near Bucharest North Railway Station

AutoKarma, a leader in the automotive market, has bought a 1,000-sqm office building for its support team at a price of 535 euro / sqm built, transaction brokered by ESOP Consulting.

It will be a good second half of the year for the Bucharest office market

The significant increase in interest from international investors looking for the best formats of cooperation with local developers sends a powerful message to the market in Romania’s capital city. Importantly, the above mentioned interest applies not only to the office sector, but also to the retail and logistics ones.

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