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Office Market News

Challenging times for homebuilders and real estate companies

Construction and real estate sectors are among the most cyclical sectors. Sensitive to changes in the labour market, prices in commodities and, first and foremost, the interest rate environment and accessibility of credit, they are currently under strain. And things are unlikely to get any better in 2024, according to a survey by Coface.

One United Properties posts a consolidated turnover of 306.6 million euros and a gross profit of 105.9 million euros in 2023

One United Properties (BVB: ONE), the leading green developer of residential, mixed-use and office real estate in Romania, posts a preliminary consolidated turnover of 306.6 million euros for 2023, a 30% increase compared to 2022.

Reluctant investors in the year with the highest take-up ever

Real estate investment transactions amounting to more than €600 million are currently in advanced stages of negotiation, as the volume registered throughout 2023 could be matched in the first half of this year, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Ongoing negotiations target office buildings (30% of the value above), retail projects (30%) and logistics parks (40%), with around half of the assets being located in Bucharest.

Fortim Trusted Advisors Company, Alliance member of BNP Paribas Real Estate, announces partnership with KÉSZ Group

KESZ Group has selected Fortim Trusted Advisors, company specialized in consulting and real estate management, as the exclusive agent for Corallis, the first own residential project developed in Romania.

Interviews

Hotspot Skyhub, office spaces for the future generation - interview with Tudor Popp, Founding Partner Hotspot

Hotspot Skyhub, the second professional Hotspot hub, located in Orhideea Towers, will open in the last quarter of 2022. We spoke to Tudor Popp, Founding Partner, about the challenges of this project and the details of the investment.

On the importance of professional cleaning after the impact of SARS-COV-2 pandemic

An interview with Sandor Nagy – General Manager Nilfisk Romania & Hungary

Transactions

Date Business Center Tenant m2 Agency
2024 Q1 Sky Tower Blankfactor n/a CBRE
2024 Q1 U CENTER Cognyte 1600 CBRE
2024 Q1 Hermes Business Campus Genpact 29000 Griffes

More Transactions »

Best of 2024

  • Largest Rental:

    Hermes Business Campus - Griffes, with 29000m2 rented space

  • Most Active Office Building:

    Hermes Business Campus, 1 db rentals, with 29000m2 rented space

  • Most Active Agency:

    Griffes, 1 transactions, transactions total space: 29000 m2

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