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Articles - office rentals

Embassy of Egypt relocates Bucharest headquarters

The Embassy of Egypt relocated its headquarters to Dorobanti Square in northern Bucharest, where many other embassies are based. DTZ Echinox brokered the deal.

Ness SES opens second Technology Innovation Center in Romania, renting 2,800 sq. m

Ness Software Engineering Services (SES) is opening its second Technology Innovation Center in Romania, according to a company statement.

Abbott Laboratories relocates to Green Court Bucharest

Skanska, the developer of Green Court Bucharest announces the coming of a new significant tenant, Abbott Laboratories.

Global City Business Park signs three new tenants

Global City Business Park in northern Bucharest secured three new lease contracts, totaling 1,600 sqm.

TMF Group extends lease agreement in Central Business Park

TMF Group extended its lease agreement in Central Business Park, a transaction brokered by Knight Frank Romania.

Bucharest stays the cheapest European destination for office rental by 2017

The rennet for a square metre of offices in Bucharest is an average of EUR 19 per month, 4.5 times smaller than in London’s city, the financial heart of the town and more than two times smaller than in Dublin, the city where the American giant Google settled its European quarters.

Three new transactions in Calea Floreasca/ Barbu Vacarescu area

The retailer Domo Srl, specialized in electronics, household appliances and IT&C, took over a space of approx. 1,400 sq. m in the office building Art Business Center 5, on 71-73 N. Caramfil Blvd., situated in the area Calea Floreasca/Barbu Vacarescu. Following this transaction, the occupancy rate of the building reached over 95 pct.

Marius Şcuta, JLL: Real estate market continues its ascending trend

The area Aurel Vlaicu-Barbu Văcărescu will continue to develop in the following period, as six-seven office buildings will be developed in the area, but big chances are that the central-western Bucharest also get the attention of the investors, from Basarab bridge to AFI Cotroceni, considers Marius Şcuta, head of office department and tenant represen­tation of John Lang LaSalle (JLL) .

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