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Office Market News

SPEEDWELL strengthens its position on the local market through new acquisitions, developments and product sales

SPEEDWELL, a reference player in the Romanian real estate market, announces the projects carried out in 2022 and the development plan for the new year.

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SomProduct opens a new showroom in the ISHO project, developed by Mulberry Development in Timisoara

SomProduct, a Romanian brand with an experience of 15 years in the Home & Deco industry, opens a showroom in the ISHO project Timisoara, developed by Mulberry Development.

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Lemon Interior Design concept for the Superbet offices in One Cotroceni Park was internationally awarded

The office design concept signed by Lemon Interior Design for the new Superbet offices at One Cotroceni Park was internationally awarded at an important profile competition.

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Retail is the greenest sector, followed by industrial & logistics, and office

Real estate owners and developers’ interest in sustainability has increased significantly in recent years, in an attempt to align to future trends and meet market demands, which reflects in a growing number of “green” certifications obtained for their projects.

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Endava opens a new office in Craiova and consolidates ElectroPutere Parc as the largest IT hub in Oltenia

French real estate group Catinvest announces ElectroPutere Parc’s consolidation as the main innovation and technology hub in Oltenia, with the inauguration of the new office space of British software services company Endava, occupying an area of approximately 500 square meters on the second floor of Building A.

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One United Properties contracts a EUR 20 million financing from Banca Transilvania

One United Properties, the leading green investor and developer of residential, mixed-use, and office real estate in Romania, concludes a financing agreement with Banca Transilvania, for 20 million euros.

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Office projects of more than 275,000 sq. m are planned to be developed outside Bucharest

Developers announced the construction of more than 275,000 sq. m of new office projects in the major regional cities – Cluj-Napoca, Timisoara, Iasi and Brasov, and therefore the modern office stock should reach approximately 1.3 million sq. m in the next 5 years. An increasing development activity has been noticed, especially when compared with the 2021 – 2022 period, when close to 70,000 sq m of office spaces were delivered in the four cities in question, according to the Cushman & Wakefield Echinox Office Market Regional Cities report.

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RÖDL & PARTNER, part of the Globalworth community

Globalworth, the leading office investor in Central and Eastern Europe, announces a new leasing deal signed for more than 7 years. Rödl & Partner Romania, an international multidisciplinary consulting firm, will move to the Gara Herăstrău office building starting in June 2023, where they leased over 1,000 sqm GLA.

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Alexandru Cristea

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