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Articles - transactions

Deloitte renews 12,500 sqm office lease in Oregon Park

Deloitte has renewed the office lease agreement for its three delivery centres spanning 12,500 sqm in Bucharest-based Oregon Park, owned by Lion’s Head.

Garanti BBVA will reach 20 years of presence in YUNITY Park with the new lease extension

Genesis Property announces that Garanti BBVA, one of the most dynamic banks in Romania, extends its lease for another 5 years, maintaining the 7,200 sqm headquarters in YUNITY Park. Garanti BBVA thus reaches 20 years of constant presence in the same business campus.

Carrefour rented space for a store within One Cotroceni Park

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania is announcing the opening of a brand new Carrefour Express within One Cotroceni Park.

Carol Davila University of Medicine and Pharmacy buys Quest office building in Bucharest

The Carol Davila University of Medicine and Pharmacy completed the purchase of Quest, a boutique building in central-eastern Bucharest that will be used by the Institute for Research and Development in Genomics.

The number of sold properties increased in H1 2023, but the average price per asset decreased by more than 50%

The number of sold income – generating real estate properties (office, retail, industrial & logistics spaces and hotels) during the first half of 2023 increased by 30% when compared with the same period of last year, but the average price per property decreased from €24 million to €11 million. Therefore, the transactional volume has seen an y-o-y decline of 43%, to a level of €181 million, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

Romanian real estate investment market recorded slow transaction activity in H1 2023

The first semester of 2023 closed with a total value of investment transactions worth 168 million euro in Romania, roughly half compared to last year’s level, with industrial and logistics accounting for about 36% of volumes and office for c. 31%, according to Colliers market report for the first half of 2023.

myhive Victoria Park office building will host the largest The Home showroom in Romania

CPI Property Group, one of the largest owners of income-generating real estate in Europe, announces the signing of a 10-year lease, for 3,070 square meters in myhive Victoria Park office building, to The Home, the interior design brand considered a landmark in Scandinavian design.

Vastint Romania to expand its IT hub in Business Garden Bucharest

REAL ESTATE NEWS FROM COMPANIES Vastint Romania is expanding its IT hub in Business Garden Bucharest 01 September 2023 romaniainsider Facebook Twitter Google Pinterest Reddit Email LinkedIn Vastint Romania announces the expansion of its tenant portfolio within its office project, Business Garden Bucharest, through a new partnership signed with Reconomy, the leading provider of technology services supporting the circular economy. They will occupy an area of 1,162 sqm, one floor of building C.

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