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Articles - tranzactii

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.

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.

M&A activity recorded significant levels in 2020, despite the unprecedented general context

The Romanian mergers and acquisitions (M&A) market recorded91 transactions in 2020, compared to 110, in 2019. According to Deloitte estimations, the total market value, including the transactions with undisclosed values, was of 3.7-4.3 billion euros in 2020 (compared to 4-4.4 billion euros in 2019), while transactions with disclosed value totalled 1.5 billion euros (compared to 1.7 billion euros in 2019).

Dentotal distributor moves its offices to Equilibrium I office building

Dentotal rented a 650 sq m office space in the Equilibrium I building, assisted by the consulting company ESOP Consulting.

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.

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