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Articles - Office leasing

Record 19 year lease on Romanian office market for Infineon Technologies in Novo Park

Infineon Technologies Romania, semiconductor developer and manufacturer, “signed for seven more years unbreakable with Novo Park, thus reaching a record lease contract that totalizes 19 years”, according to a press release from Novo Park.

The first building of Oregon Park project is now fully leased

The first building of the new office project Oregon Park, developed by Portland Trust, one of the largest real estate developers in Romania, is now completely leased. The office space has been occupied by the American company Oracle.

Xerox expands customer care center in Oradea

American document management company Xerox announced it will move its Oradea customer care center in a class A office building, to be able to accommodate a growing team, after the headcount in the center increased from 35 agents at the start of 2015 to more than 110 employees at the moment.

Accenture leases last two floors of United Business Center 3 in Iasi

Consultancy and management services provider Accenture has rented 1,000 sqm within the Palas office park in Iasi, project owner Iulius group announced. The office space is on the last two floors of the United Business Center (UBC) 3 building.

New IASB leasing standard to impact real estate, heavy duty machinery and vehicle lessors, says EY

The new leasing standard sent out by the International Accounting Standards Board (IASB) last week will be implemented from 2019 and says that all assets subject to a leasing contract are to be registered in the lessee’s balance sheet, according to a press release from EY Romania.

AFI Park 4&5 reach 50 pct occupancy rate two weeks before delivery

Two weeks before being delivered, AFI Park 4&5 reached a 50 percent occupancy rate, real estate developer AFI Europe Romania announced. This means that 16,000 sqm have been pre-leased of the total surface of the towers.

NEPI rents out 10,500 sqm of City Business Centre in 2015

City Business Center, an office complex in Timisoara, has reported a record leasing volume in 2015, NEPI, the project’s owner, has announced. Thus, last year there were a total of 10,500 sqm of space rented, once the project’s E building was open for tenants.

Altex to relocate 200 employees in Pipera business district in Bucharest

The electro-IT retailer Altex, the leader of the market segment in Romania, with revenues of 1.5 billion lei in 2014, will relocate its headquarters from Piata Presei Libere zone to Pipera, according to sources in the market.

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