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Articles - Office leasing

Renault signs lease extension with North Gate for 20,000 sq m

Renault Technologies Europe has agreed to extend their lease terms until 2018 in North Gate Office Building, Pipera Boulevard, according to an announcement from Creativ Invest Group.

The Germans from Deutsche Bahn to develop services centre in Pipera

German group Deutsche Bahn, with worldwide revenues of EUR 39 billion in 2013, will develop a service centre with hundreds of employees within Hermes Business Campus project in Pipera, where it has rented 2,000 sq. m in the first phase.

Ioannis Papalekas found the first tenant for Globalworth Campus, the company’s largest project

Real estate investment fund Globalworth, founded by the businessman Ioannis Papalekas, found the first tenant for Globalworth Campus, the largest office project to be built in its portfolio.

Colliers: New entries on the market will stimulate the office request in the next year

The first half of the year registered a revival of the tenants’ interest for new office spaces, and the new entries on the market are bringing even more optimism on this real estate segment, according to a study of Colliers International Romania.

EU Funds Ministry doubled its leased area in Tower Centre

The Ministry of European Funds nearly doubled the surface it’s currently renting in Tower Centre International, the office building owned by Ioannis Papalekas. The ministry rented nearly 3,900 square meters last year for EUR 1 million per year.

Office markets in CEE continue to be supply-led through new development

A number of markets experienced a rise in the vacancy rate of the back of a large volume of new supply through the end of 2013 into the first half of 2014 including St. Petersburg, Moscow, Warsaw and Prague. The regional vacancy rate increased to 13.6 percent in 2014 H1, up from 11.8 percent in H1 2013 according to recent research released by Colliers International

DTZ: 108,000 sq. m office rented in H1 2014 – highest volume registered for a semester since 2008

Office space in the Capital totaled 2.114 million square meters at the end of June, with 3 percent of the area represented by new deliveries.

Siemens invests EUR 4.5 million in R&D center in Cluj

Siemens announced on Monday it will expand its local presence in the IT field, by opening a new R&D center in Romania in Cluj, under the brand of its subsidiary Evosoft. By 2017, the company intends to hire over 210 people, who will work on global projects in software and product development for Siemens’ four sectors.

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