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Office Market News

Romania’s leading real estate developers have started to consolidate their land portfolios

2024 looks to be a very good year for strategic acquisitions in the land market, given the favorable long-term outlook. Activity in the land market has slowed over the past year, but investor enthusiasm for Romania’s long-term potential remains stable. Demand for strategic land plots, which now can be secured at more interesting terms than in a highly active market, is growing, Colliers Consultants note. This trend is attracting the interest of major developers looking to strengthen their position in the property market.

Bosch completes EUR 21 mln office building within Cluj engineering center

Bosch inaugurated the second office building built within the Engineering Center in Cluj, following an investment of approximately 21 million euros, over a period of three years. The total investment, started in 2017, in the two buildings of the center in Cluj amounts to over 50 million euros.

Hagag Development Europe appoints Ana-Maria Nemtanu as leasing director

Real estate investor-developer Hagag Development Europe appoints Ana-Maria Nemtanu as leasing director. In her role, she will coordinate the leasing activities for the company’s commercial portfolio that currently encompasses a total leasable area of about 18,000 sqm of office and retail space, focusing on increasing occupancy across existing projects, attracting new tenants and managing client relations.

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.

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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