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Office Market News

The firstColliers Hackathon brings artificial intelligence in the local real estate market

The real estate consultancy company Colliers International Romania organized, between November 30th and December 1st, the first Colliers Hackathon, a programming marathon dedicated to the company’s Banking Products division, the leader in the periodic evaluation of residential portfolios, in accordance with the requirements of the National Bank of Romania.

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Everseen rented 1,250 square meters of offices in the building of UBC 1 in Iulius Town Timisoara

Everseen, a company specialized in artificial intelligence, rented 1,250 square meters in the office building of Class A United Business Center 1 (UBC 1) in Iulius Town Timisoara for its headquarters in Romania.

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Regus has expanded its presence in Bucharest with a new center in Sun Plaza

Flexible space operator Regus opened its 12th center in the Sun Business Center project, located within the Sun Plaza shopping center. The Regus decision welcomes the demand for flexible spaces that companies in the northern half of the city show, providing an alternative to employees living in the southern area, their share being estimated at 50% of the total staff.

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Delayed transactions in Romania could reduce this year’s investment volume locally

For the first three quarters of 2019, the CEE region has recorded an investment volume of ca. €9 billion.

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CBRE was appointed to manage OneTower and One Mircea Eliade real estate projects

CBRE was designated to provide property management services for projects developed by One United Properties in the north of Bucharest, namely the OneTower office tower and the One Mircea Eliade residential complex, which total an area of 24,000 sqm of offices and 247 apartments.The portfolio managed by CBRE exceeded 800,000 sqm, reconfirming the leading position in the property management market.

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The global commercial real estate industry continues to grow, despite economic volatility

Global commercial real estate leaders are optimistic about the industry’s prospects over the coming year, despite global economic volatility, according to Deloitte 2020 Commercial Real Estate Outlook. 76 percent of respondents expect a positive evolution of the industry in the next period. The survey shows that that the tenant experience has become a top priority for most commercial real estate leaders, with a focus on investment in new technologies.

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Tradeshift moved its Romanian headquarters in Tower Center office building in Bucharest

American unicorn Tradeshift, which provides digitization solutions for the supply chain, has moved its headquarters in Romania to the Tower Center and plans new hires.

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Colliers International strengthens its local leadership team

Colliers International has expanded its partnership with the promotion of fivenew Partners. Laurențiu Duică (Head of Industrial Agency), Simina Niculiță (Head of Retail Agency), Sebastian Dragomir (Head of Office Advisory), Raluca Buciuc (Head of Valuation Services) and Octavian Trofin (Head of Operations) have all been named Partners, effective November 1st.

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