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Articles - expansions

The office rental market in Bucharest is recovering

The office market is showing signs of recovery, recovering in the first half of 2021 half of the fall due to the pandemic, according to an analysis conducted by the company ESOP Consulting, based on data from the forum of large real estate agencies.

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The office space market in the third quarter was pulled up by renegotiations

In the third quarter of 2020, just ended, the office rental market in Romania accumulated 56,730 square meters and approached the same quarter of 2019, representing about 88% of that period, according to an analysis by ESOP Consulting. For more than half of these spaces, tenants preferred to stay in the same office buildings, with extension contracts being signed.

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Flash Office extends an additional 570 square meters in the Maria Rosetti Tower building

The co-working space operator Flash Office Solutions will occupy 2,520 sqm of the Maria Rosetti Tower office building, after expanding the space with an additional 570 sqm, from the beginning of this year. The new space will be partitioned, arranged, equipped and furnished with flexible furniture, so that it can be used in the co-sharing system starting March.

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AFI Europe Romania announces the renewal and expansion of the lease agreement with Microchip Technology in AFI Park 1 office building

AFI Park 1, part of the complex AFI Park 1-5, announces the renewal of the lease agreement with Microchip Technology and the extension of the rented office space with 1,200 sqm. Currently, AFI Park buildings 1-5 have an occupancy rate of 100%.

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Amazon expands in Romania and looks for another 5,000 sqm of offices in Iaşi

Amazon, the largest online retailer in the world, will expand by 5,000 sqm of office space in Iasi starting the end of 2020, to a total of 18,000 sq m of modern offices.

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Societe Generale European Business Services reaches 17,000 square meters in the West Gate office park

Western Gate Business Park, owned by Genesis Property, a company controlled by Liviu Tudor, signed the sixth consecutive expansion of Societe Generale European Business Services, up to an area of 17,000 square meters.

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Huawei took three more floors in Globalworth Tower reaching 10,000 sqm offices

Chinese telecommunications company Huawei signed a new agreement with Ioannis Papalekas for its expansion from 4,000 to 10,000 sqm of the office space occupied in Globalworth Tower, the second tallest building in Romania, with 23 floors and 54,000 sqm area.

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Microchip Technology expands with 1,000 sq. m its lease in AFI Park 1

Microchip Technology Romania expanded its office in Bucharest with 1,000 sq.m, by leasing an upper floor in AFI Park 1 office building, where nearly 100 new employees will work.

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