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Office Market News

One United Properties shareholders approve payment of 32.5 million lei in dividends and distribution of bonus shares

On September 10th, 2021, One United Properties (BVB: ONE), one of the leading green developers of residential, mixed-use, and office real estate in Romania, convened the first General Meeting of Shareholders (GSM) since the company’s listing on the Bucharest Stock Exchange. During the GMS, the shareholders approved, among other items, the distribution of 32.5 million lei in cash dividends, capitalization of premiums from this year’s IPO and the subsequent issuance of bonus shares in proportion of 4 new shares for every 5 shares held as well as the introduction of a new class of shares.

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Deloitte Legal launches SecuRE, a digital tool that helps real estate owners and tenants manage regulatory requirements

Reff & Associates | Deloitte Legal launches SecuRE, a proprietary digital tool that was created to help real estate owners and tenants manage regulatory compliance requirements, regardless of the kind of property they own or use and of the industry in which they activate.

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Mirus Group rents 700 sq m of offices in Green Court C

Mirus, an international group specializing in multidisciplinary consulting, becomes the Globalworth tenant. The traded area is 700 square meters and was brokered by Cushman & Wakefield Echinox in the Green Court C building, for a period of 5 years, starting with October 2021.

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Speedwell to refinance the loan granted by BRD Groupe Société Générale for the Record Park Offices project

Reff & Associates | Deloitte Legal provided legal assistance to the Belgian developer Speedwell in refinancing the loan granted by BRD Groupe Société Générale for the development of the Record Park Offices project located in the central area of Cluj-Napoca, which includes a residential component, offices and co-working areas, retail and leisure spaces.

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One United Properties posts turnover of 434 million lei and net profit of 147.5 million lei in the first half of 2021

One United Properties (BVB: ONE), one of the leading green developers of residential, mixed-use, and office real estate in Romania, posts a record turnover of 434 million lei in the first six months of 2021, a 96% increase compared to the same period of 2020.

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Atenor sold its office project DACIA ONE to Paval Holding, Dedeman owner

ATENOR announces that an agreement has been concluded with Paval Holding, the owner of Romanian DIY retail business “Dedeman”, for the sale of its Romanian subsidiary Victoriei 174 B.D. srl . The target company owns DACIA ONE, located in the historic centre of Bucharest.

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Țiriac Tower - the newest office building in the center of Bucharest reaches an occupancy rate of 75% before its completion

Țiriac Imobiliare, part of the Țiriac Group, is completing the works for the Țiriac Tower office building, one of the reference buildings in the center of Bucharest. The premium office project reached an occupancy rate of 75%, prior to its delivery.

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The modern office stock in Bucharest has exceeded 3 million square meters

Office market activity remained relatively low in the first half of 2021, with limited signs of a return to pre-pandemic levels, as companies are still unclear as to when most employees will return to office, according to the Colliers market report for the first half of 2021.

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