The number of sold income – generating real estate properties (office, retail, industrial & logistics spaces and hotels) during the first half of 2023 increased by 30% when compared with the same period of last year, but the average price per property decreased from €24 million to €11 million. Therefore, the transactional volume has seen an y-o-y decline of 43%, to a level of €181 million, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
The first semester of 2023 closed with a total value of investment transactions worth 168 million euro in Romania, roughly half compared to last year’s level, with industrial and logistics accounting for about 36% of volumes and office for c. 31%, according to Colliers market report for the first half of 2023.
CPI Property Group, one of the largest owners of income-generating real estate in Europe, announces the signing of a 10-year lease, for 3,070 square meters in myhive Victoria Park office building, to The Home, the interior design brand considered a landmark in Scandinavian design.
REAL ESTATE NEWS FROM COMPANIES Vastint Romania is expanding its IT hub in Business Garden Bucharest
01 September 2023
romaniainsider
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Vastint Romania announces the expansion of its tenant portfolio within its office project, Business Garden Bucharest, through a new partnership signed with Reconomy, the leading provider of technology services supporting the circular economy. They will occupy an area of 1,162 sqm, one floor of building C.
TDCX , a renowned global provider of customer experience (CX) solutions for technology and blue-chip companies, has signed a lease for more than 800 sqm of office space in the Green Court Building A.
E.ON Business Services Cluj, one of the largest employers and most active players in the business support services field in Cluj-Napoca, will relocate to a new office space in Record Park, the mixed-use project developed by Speedwell, and owned by AYA Properties Fund. With the fit-out and preparations now finalized, Record Park is ready to welcome E.ON in their new state-of-the-art office, a space meticulously designed to cater to their specific needs and ambitions. Griffes real estate advisory, through Andreea Paun, mediated the office leasing transaction.
Globalworth, the largest investor in the office real estate sector in Central and Eastern Europe, announces a new partnership with CEO Clubs, a member of the elitist Superbrain community for top company management and one of the most important business networks in the country.
GTC Romania, the leading real estate company in Central and Eastern Europe, is pleased to announce that Hansgrohe, the world leader in innovation, design, and quality in the sanitation industry, has chosen the City Gate office building as its new headquarters. The deal was mediated by the real estate brokerage company Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance, a company offering a full range of real estate consulting services.
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