Leasing activity in the Bucharest office market in the first half of 2024 saw new demand rise by 7% year-on-year, reaching 64,000 square meters, while total demand slightly decreased to 160,000 square meters, according to Colliers’ report on real estate market developments for the first half of the year.
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German giant Infineon Technologies, a global semiconductor leader in power systems and IoT, has appointed Colliers as the project manager for its new Romanian headquarters, which will be built in the Dimitrie Pompeiu area of Bucharest by the leading real estate investor and developer One United Properties.
Companies that offer employees the option to work, even partially, from home are much more attractive than those that have reverted to the traditional pre-pandemic office schedule. Consequently, one of the trends of 2024 in the recruitment market, from the perspective of candidates, is to change the full-time office job to one where work from home is allowed.
Real estate consultant SVN Romania expanded its activity across borders by launching the SVN Overseas division, which offers consultancy and brokerage services for dozens of residential projects, of which about 20 exclusively for Romanian buyers. In addition, the company plans to expand in Romania through 15 new regional offices in the main regional economic centres but also in Bucharest and its surroundings.
CPI Romania, part of CPI Property Group, signed lease contracts in 2024 for a total area of 41,500 sqm, adding multinational companies active in key sectors of the economy to the local portfolio of offices, and maintained its average occupancy rate of retail projects at 98% as a result of investments in the remodeling of its shopping centers.
The local real estate developer and investor River Development announces the transformation of its current brand, River Development, into SEMA Real Estate.
River Development represented the identity of the developer for more than 20 years and supported the image of a prominent player on the real estate market in Romania. The rebranding marks a new stage for the company, reflects its natural evolution and brings more clarity to defining the communication pillars of our projects in the portfolio and in strengthening the brand positioning in the market.
Genesis Property, one of the leading office building owners in Romania, has obtained the highest level of BREEAM International In-Use certification, Outstanding, for Building F in the innovative YUNITY Park business campus, which hosts renowned companies such as HP Enterprise, HP Inc., Garanti BBVA, DXC Technology, Luxoft, and Yokogawa.
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