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Articles - Office leasing

Portland Trust signed with Oracle for office building in Bucharest

American giant Oracle will rent over 20,000 sq. m in the office project Oregon Park in Northern Bucharest, investment of the group Portland Trust, headed by the British Robert Neale, have declared for ZF sources in the market.

43 pct increase of the office spaces rented by companies with 25 up to 60 employees

Medium companies, with 25 to 60 employees, were the most active on the office market in the first four months of 2015 compared to other categories of SMEs.

Casa de Insolvenţă Transilvania relocates its offices to Green Court in Floreasca

Casa de Insolvenţă Transilvania (CITR), judicial administrator for insolvent companies, relocates in June its headquarters from Phoenicia Business Center, situated near Unirii Blvd., in Bucharest to the business park Green Court, situated in Barbu Văcărescu area,a ccording to sources in the market.

Immofinanz closes new leases for 3,600 sqm of office space in Bucharest

Austrian real estate company Immofinanz has signed new leases for office space totaling over 3,600 sqm (GLA) in some of its Bucharest projects and lease extensions for another 7,000 sqm, the company announced on Tuesday.

Flash Office Solutions doubles its space in Maria Rosetti Tower, with the help of ESOP

Flash Office Solutions has rented its second office floor in Maria Rosetti Tower building in Bucharest, the expansion transaction being brokered by the company ESOP Consulting.

Genpact reconsolidates its Bucharest team to a single building

Indian outsourcing services provider Genpact has pre-leased an area of approx. 22,000 sq. m in a building of the project Hermes Business Campus in Dimitrie Pompeiu area (project developed by Belgium’s Atenor), which will be completed in the first half of next year, according to sources in the real estate market.

Companies rented more offices in the first quarter

Companies rented in the first quarter offices totalizing nearly 85,000 sq. m, with 75 pct in Bucharest, with 15 pct increase compared to the similar period of last year, according to Esop real estate consultancy company.

Esop: More and more companies are renting office villas

In the first quarter of the year the number of transactions with villas rented for offices has increased with approx. 43 pct compared to the similar period from 2014, but the average area rented has decreased with 36 pct., to 265 sq. m.

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