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Office Market News

What kind of properties investors bought in Romania in the first quarter of 2024

Real estate investments in the first quarter of 2024 reached €205.75 million, up 33% from the same period last year, according to an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance. The top real estate segments attracting the most investments are retail, hotels second and industrial third.

Almost 61% of employees believe that the ideal office should be in a multifunctional campus with different types of spaces where they can work as needed

Today's employees are not just looking for a simple job, but for a work environment that offers them a complete experience and allows them to combine work with recreation and relaxation. According to a survey conducted by Genesis Property, out of 1,247 respondents representing multiple generations nationwide, nearly 61% of employees believe the ideal office should be in a campus with many amenities and options for office life and leisure time, with different spaces where they can work according to their needs.

Baltisse and Straco Real Estate acquire majority stake in Speedwell

Straco Real Estate and Baltisse announce the successful acquisition of a majority stake in SPEEDWELL, a premier real estate developer based in Romania. This strategic move solidifies Baltisse and Straco’s commitment to expanding their presence in Eastern Europe, leveraging SPEEDWELL’s established reputation and expertise in the region.

River Development has a new Managing Partner

River Development, one of the local real estate developers, has a new Managing Partner since January 2024, in the person of Oana Rădulea. Oana thus takes over the executive management of the company, from the former Executive Director, Liviu Birău.

Interviews

Hotspot Skyhub, office spaces for the future generation - interview with Tudor Popp, Founding Partner Hotspot

Hotspot Skyhub, the second professional Hotspot hub, located in Orhideea Towers, will open in the last quarter of 2022. We spoke to Tudor Popp, Founding Partner, about the challenges of this project and the details of the investment.

On the importance of professional cleaning after the impact of SARS-COV-2 pandemic

An interview with Sandor Nagy – General Manager Nilfisk Romania & Hungary

Transactions

Date Business Center Tenant m2 Agency
2024 Q1 Diplomat Business Center 56 DIPLOMAT SA
2024 Q1 Novo Park (YUNITY Park) HP Inc. 7000
2024 Q1 One Cotroceni Park BAT Digital Business Solutions 11200

More Transactions »

Best of 2024

  • Largest Rental:

    Hermes Business Campus - Griffes, with 29000m2 rented space

  • Most Active Office Building:

    Hermes Business Campus, 1 db rentals, with 29000m2 rented space

  • Most Active Agency:

    Griffes, 1 transactions, transactions total space: 29000 m2

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