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Articles - office development

Genesis Property announces the completion of Phase II works for the YUNITY Park

Genesis Property announces the completion of Phase II works for the YUNITY Park project – a premiere in the real estate landscape and one of the most innovative office parks in Romania.

Office projects of more than 275,000 sq. m are planned to be developed outside Bucharest

Developers announced the construction of more than 275,000 sq. m of new office projects in the major regional cities – Cluj-Napoca, Timisoara, Iasi and Brasov, and therefore the modern office stock should reach approximately 1.3 million sq. m in the next 5 years. An increasing development activity has been noticed, especially when compared with the 2021 – 2022 period, when close to 70,000 sq m of office spaces were delivered in the four cities in question, according to the Cushman & Wakefield Echinox Office Market Regional Cities report.

Prime Kapital and MAS plan to invest almost 2 billion euros in Romania’s real estate market by 2029

Prime Kapital, an integrated real estate developer and investor, and its investment partner MAS PLC, a green property investor and operator focused on retail properties in CEE plan to invest 1,97 billion euros in retail, office, and residential developments in Romania, by 2029, after having secured over 1,5 million square meters of development GLA/GSA.

Campeador contracts a financing of EUR 4.5 million from CEC Bank for a mixed-use project in Timisoara

Campeador City will reunite in total eight blocks of flats with one, two and three rooms, and an office building, which will also include commercial spaces and a kindergarten. The project will be developed in four stages.

Crystal Tower, the next 'home' for your business

Featuring modern, sophisticated and elegant architectural design and endowed with the first rooftop heliport, Crystal Tower office building has become a landmark in Bucharest, attracting over the past year tenants such as Ceetrus Romania, Editec and Reckitt Benckiser.

Demand for office space fell by 45% in the first half

The office space market in Bucharest was strongly affected by the coronavirus pandemic in the first half of 2020, the demand in the sector registering a decrease of 45% compared to the same period in 2019, according to an analysis made by the real estate consulting company Avison Young.

HAGAG Development Europe receives certificate of urbanism for the restoration of Știrbey Palace

The real estate developer HAGAG Development Europe received the urbanism certificate in order to authorize the execution of construction works regarding the restoration, consolidation and refurbishment of the historical monument building Știrbey Palace.

GTC invests over 70,000 euros in the five projects in Bucharest, in the context of COVID-19

The real estate developer GTC, active in six countries, has allocated a budget of over 70,000 euros for the five projects owned in Bucharest, in the context of measures ordered by the authorities and in agreement with the tenants, to prevent the spread of the new coronavirus.

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