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Office Market News

SMARTBILL chooses RIVER PLAZA for its offices in Bucharest

One increasingly sought-after category of offices in recent years is that of “green” buildings, Class A, which are ecologically sustainable. River Plaza, a green building certified Breeam In Use at the Very Good level, serves as a benchmark for companies wishing to operate in a central area, in premium quality workspaces.

What matters most when renting office space in 2024, in Romania and the European Union

In a survey by Fortim Trusted Advisors in Romania, 75% of respondents said the most important factors for tenants choosing office space were shops/services, restaurants/cafes and public transport.

Alfa Group bought the largest part of the IRIDE Park office project, located in the North of Bucharest, from CPI Property Group

Deloitte Romania assisted the Romanian entrepreneurial group Alfa Group in the acquisition of the largest part of the IRIDE Park project, located in the North of the Capital, along with two other properties in the proximity, from CPI Property Group, the Czech group that owns real estate projects in several countries in Central and Eastern Europe. The transaction was signed in October 2024.

Office market: About half of leases signed in Bucharest during first half of this year were renewals

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.

Colliers' Construction division appointed Project Manager by Infineon Technologies for its new headquarters

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.

Nestlé practices the hybrid way of working, in accordance with the preferences of the employees

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.

SVN Romania expands across borders and plans 15 new offices

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 in 2024: new lease contracts for a cumulative area of ​​41,500 sqm in the office segment

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.

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