Studies on the future of offices and work point towards flexibility, varied design and focus on employee needs. In this context, Workspace Studio, specialized in high-quality office design and fittings and Certified Dealer of the MillerKnoll group in Romania, completed the expansion of its showroom located on the 18th floor of the Sky Tower Bucharest building, to reflect the current trends in modern office design.
Following the structuring of real estate services around three business lines – Property & Asset Services (P.A.S.), Resources & Fund Investment (R.F.I.), Development (DEV.) – the new executive committee of Nhood Romania is made up of 3 directors, one for each business line: Gabriela Piștalu – PAS Director, Elena Bocan – RFI Director and Ruxandra Dragomir – DEV Director. The new governance of Nhood Romania will report directly to the management committee of Nhood Corporate, based in Lille, France.
The interest of office tenants was much higher for contract extensions in existing buildings than for new spaces in the third quarter. The companies traded a total area of 158,923 sqm, of which 104,004 sqm were contract extensions and 51,879 sqm leases of new spaces, in Bucharest, according to the analysis made by Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance.
CBRE has become the property manager of U-Center 1 office building, developed by Forte Partners and currently owned by Pavăl Holding. CBRE will manage all aspects of the property in relation to tenants, subcontractors, and authorities.
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania announces the conclusion of a lease contract for the relocation of the company Medialine within the One Cotroceni Park development. The contract has been signed for a duration of 8 years. Medialine's new headquarters, a top provider of IT infrastructure solutions tailored to the diverse needs of businesses, reflects Medialine's commitment to providing its employees with a pleasant and modern working environment in line with sustainability principles.
The real estate and construction sector attracted approximately €1.2 billion of foreign direct investments (FDI) in 2022, as the share of this economic activity in the overall FDI stock stood at 17.2% at the end of 2022, according to data from the National Bank of Romania analyzed by the Cushman & Wakefield Echinox real estate consultancy company.
Property developer Portland Trust has inked a partnership with Griffes for managing the leasing and commercial operations of Bucharest-based J8 Office Park.
Deloitte has renewed the office lease agreement for its three delivery centres spanning 12,500 sqm in Bucharest-based Oregon Park, owned by Lion’s Head.
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