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Articles - office rentals

myhive S-Park office building expands its tenant portfolio with Austrian construction company, Swietelsky

CPI Property Group, one of Europe’s leading real estate owners, announces the expansion of its local office community by signing a lease agreement with Swietelsky, an international construction group, based in Austria. The new tenant will occupy an area of approximately 1,250 square meters, in myhive S-Park office building, the contract being signed for a period of 5 years, starting with March 2024.

Cognyte, a global leader in investigative analytics software, leases 1,600 square meters in U•Center 2

Cognyte, a global leader in investigative analytics software, has leased 1,600 square meters of office space, assisted by CBRE, in U•Center 2.

Bucharest office take-up hits record level in 2023

116,000 sq. m of office spaces were leased in Bucharest in Q4 2023, thus bringing the total 2023 transactional volume to over 463,000 sq. m, an all – time annual take-up record, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The volume in question increased by 43% y-o-y, with a 19% growth also being recorded when compared with the previous benchmark of 390,000 sq. m set in 2019.

In 2024, the focus in real estate will be on refinancing and lease renegotiations. What alternatives do companies that want a new office space have

Property refinancing will be key to the evolution of the real estate investment market in 2024, and ESG will be the differentiator between office buildings in the competition for tenants, according to an analysis by real estate consultancy company Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance. In terms of type of investors, most will be local or from the CEE region.

Genpact Remains in Hermes Business Campus

Adventum Group, a Hungarian-based fund manager, has announced the extension of their partnership with Genpact Romania, the Romanian branch of a global professional services firm.

Securitas relocated its offices to @Expo office complex developed by Atenor

Securitas, a global leader in security services, relocated its offices in Romania to @Expo office complex developed by Atenor in the Expozitiei area of Bucharest, in a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company.

River Plaza – An increasingly attractive and important office destination in Timpuri Noi Hub

Located in the center of the capital, River Plaza, an office building that was certified Breeam in Use, Very Good level, is recognized as an increasingly attractive and important office destination in Bucharest.

Mastercard, PAID and an IT & C Company Renew their Leases in the America House Office Building

America House announces the extension of the lease contracts with three companies, which occupy more than 2,000 sqm of office space.
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