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Testimonials

The Romanian investment market grew in the first half of the year

The first half of the “pandemic year” closed with a total value of investment transactions worth 408 million euro in Romania, around 18% above the first semester of 2019, with office assets accounting nearly 86% of volumes, according to Colliers International’s market report for the first semester of 2020.

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The new demand for offices is declining, the occupancy rate remains constant

New office space delivered in the first half of the year reached nearly 105,000 square meters, in tune with Colliers International’s estimates, but total demand in Bucharest was down by nearly 28%, to a bit over 124,000 square meters, while new demand halved after an exceptional year, to under 45,000 square meters.

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Tenant experience brought up to next level

Vincent Vallois MRICS, Co-Founder of Online Real Assets – CEE Partner of Spaceflow tenant experience application – sees the market from a new perspective. Online Real Assets has just launched Spaceflow in Romania and they see great potential and momentum for a space-as-service transition of the commercial real estate market.

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Tenants

Date Business Center Tenant m2 Agency
2020 Q2 THE LIGHT ONE CTP n/a Sema Parc SA
2020 Q2 Paris CIT One 1000 Sema Parc SA
2020 Q1 Țiriac Tower Novo Nordisk 580 CBRE
2020 Q1 Vox Technology Park Timisoar Connect44 750

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