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Office Market News

Record of the last 5 years: The volume of real estate transactions in Romania exceeded the 1 billion euro threshold in 2019

The volume of real estate investments in Romania in 2019 exceeded the limit of one billion euros, totaling about 1.06 billion euros, up 7% from the level recorded in 2018, data from the research department of the real estate consultancy company CBRE Romania shows.

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Metropolitan Crown Towers, a new mixed-use project with an office component , aiming to become a landmark in Bucharest

Metropolitan Residence becomes Metropolitan Developments, in the process of expanding the portfolio with mixed-use projects - residential, commercial and office space and development on premium and luxury market segments.

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Bucharest remains the first option for companies entering Romania

The stock of modern office space in Bucharest reached 3.16 million square meters at the end of the third quarter of 2019, in the context of a population of 2.11 million inhabitants and an unemployment rate of 1.3 %, according to the report Romania Office Destinations, realized by the research department of the real estate consulting company CBRE Romania.

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Bucharest office rental market 7% up in 2019, new spaces demand 11% up in 2019 compared to 2018

In Bucharest, the transactions for renting office space have totaled an area of 385,800 sqm, which is 7% more than in the previous year, according to a study by ESOP Consulting. The market engine was the segment of the new demand, which reached 308,000 sqm, compared with 277,600 sqm, as it was in 2018. Renegotiations have decreased slightly.

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Colliers to provide property management services for Equilibrium, the newest office project developed by Skanska in Bucharest

Colliers International Romania has been assigned to provide property management services for the first building of the Equilibrium office project, developed by Skanska in the Capital, in the autumn of 2019.

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One United Properties moved its headquarters to One North Gate business park, with € 1 million invested for refurbishment

One United Properties has consolidated the company’s entire operations at One North Gate, occupying over 15% of the Gross Leasable Area of the property.

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Foreign direct investments increased by 2.5% in the first 11 months of 2019

Foreign direct investments increased in the first 11 months of 2019 by about 2.55% compared to the same period last year, to 5.145 billion euros, according to the National Bank of Romania.

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BRD Group Société Générale signed the financing agreement for the Record Park project in Cluj-Napoca

Speedwell, one of the most dynamic real estate developers in the Romanian market is joining hands with BRD Group Société Générale by signing a financing agreement of 22,5 mil. Euro for the development of Record Park, the first mixed urban regeneration project in Cluj–Napoca.

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