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Articles - office rentals

Record Lease Transactions on the Office Market in 3Q

Bucharest’s total office area subject to rental transactions in the third quarter reached over 84,500 sq. m, the highest level registered in the last two years, according to CBRE report.

Twin Towers Barba Center in Pipera Up For Sale

Businessman Valentin Barba, cousin of Mihaelei Geoană, the wife of the senator Mircea Geoană, built few years ago the office project Twin Tower Barba Center in Pipera. Now, the project is up for sale.

Bucharest Office Transactions Top in 2013

The best news for Bucharest office market this year came from Deutsche Bank, Honeywell, Vodafone and TeamNet, companies that rented new office spaces with the intention to expand and hire 200-300 employees each.

A Czech Group Invests EUR 55 Million near Chirigiu Market in Bucharest

S Group Holding currently carries out one of the most important real estate investments in Bucharest, developing the office project Green Gate in the proximity of Chirigiu market.

EUR 17.5 Million Residential Project in Parcul Circului Zone

Several Belgian and Greek investors started this year the construction of a building with 100 residential units near Parcul Circului in Bucharest, the project’s value at its completion being estimated to EUR 17.5 million.

Office Transactions Top: The Most Active Cities in 9 Months

Outside Bucharest, in the first three quarters of 2013, transactions were registered for 14,153 sq. m, with Iasi on the first position (4,420 sq. m), followed by Sibiu (3,900 sq. m) and Cluj-Napoca (3,500 sq. m) according to Esop Consulting.

Warsaw office supply hits 4.7 million sqm

According to the Warsaw Research Forum, new office supply in Warsaw hit 4.7 million sqm in the third quarter of the year, with 246,000 sqm of space delivered to the market since the beginning of the year in 15 completed projects.

Macoveiu, Global Finance: The Office Request is Low

Sorin Macoveiu, commercial manager Global Finance, has declared that he wouldn’t start the development of an office project in Bucharest nowadays, adding that the request will stay low without a solid economy, which favours the companies development, and the relocations would dominate the office market.

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