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Office Market News

RIVER DEVELOPMENT becomes SEMA Real Estate

The local real estate developer and investor River Development announces the transformation of its current brand, River Development, into SEMA Real Estate. River Development represented the identity of the developer for more than 20 years and supported the image of a prominent player on the real estate market in Romania. The rebranding marks a new stage for the company, reflects its natural evolution and brings more clarity to defining the communication pillars of our projects in the portfolio and in strengthening the brand positioning in the market.

CPI Romania in 2024: new lease contracts for a cumulative area of ​​41,500 sqm in the office segment

CPI Romania, part of CPI Property Group, signed lease contracts in 2024 for a total area of ​​41,500 sqm, adding multinational companies active in key sectors of the economy to the local portfolio of offices, and maintained its average occupancy rate of retail projects at 98% as a result of investments in the remodeling of its shopping centers.

Genesis Property secures BREEAM Outstanding Certification for YUNITY Park's Building F

Genesis Property, one of the leading office building owners in Romania, has obtained the highest level of BREEAM International In-Use certification, Outstanding, for Building F in the innovative YUNITY Park business campus, which hosts renowned companies such as HP Enterprise, HP Inc., Garanti BBVA, DXC Technology, Luxoft, and Yokogawa.

Companies leased new offices for around 8,000 employees during H1 2024, with a considerable new demand rebound

The net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time during the last two years, with a positive impact on the average vacancy rate, given that no new office projects were delivered in H1, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

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.

Tenants search for flexible and tailor made office solutions, both in terms of space and lease

An interview with Fulga Dinu, Country Manager Operations at IMMOFINANZ Romania

Transactions

Date Business Center Tenant m2 Lessor
2024 Q3 Miro Offices Radio ZU 1540 Hili Properties
2024 Q3 Arghezi 4 Sciccheria, Steam, Velocita, French Revolution 375 Cushman & Wakefield Echinox
2024 Q3 Sky Tower Flanco Retail 1150 Raiffeisen Property Holding International

More Transactions »

Best of 2024

  • Largest Rental:

    Hermes Business Campus - Griffes, with 29000m2 rented space

  • Most Active Office Building:

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

  • Most Active Lessor:

    Griffes, 1 transactions, transactions total space: 29000 m2

Contact Us

Do You Have Any Questions?

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Alexandra Filip

+40 720 400 492


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