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Articles - transactions

The office market in the first three months of 2023: Bucharest attracts three quarters of the demand, followed by Timișoara, Iași and Cluj-Napoca

The largest modern office market was in Bucharest, where companies leased 75% of the total office space traded in the first quarter of the year, according to a study by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance. The rest of the office transactions were registered in Timișoara, Iași and Cluj Napoca.

eMAG Sets Up Headquarters in Globalworth Square in largest lease deal of the year

Globalworth, the preeminent office investor in Central and Eastern Europe (CEE) and the forerunner in the Romanian office market, announces it has signed an agreement with eMAG, CEE’s largest ecommerce platform, as a tenant in Globalworth Square.

Romanian real estate group ONE sells One North Gate office building in Bucharest

Real estate developer One United Properties (BVB: ONE) has informed its shareholders of signing an agreement to sell an office building owned by One North Gate, in which the company holds a 76.39 pct stake.

WNS Global Services extends their lease contract for the offices in West Gate Business District

WNS Global Services, a global leader in Business Process Management (BPM), extends their lease agreement for 3,800 sqm of office space in the H5 building located in the West Gate Business District complex.

sennder chooses One Cotroceni Park to bolster its position in Romania

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces that sennder, Europe's leading digital freight forwarder, which entered the Romanian market in spring 2022, has chosen following CBRE's advisory the One Cotroceni Park office development to be its new employee-centric harbor as part of its ambition to bolster its position in Romania.

MEDCITY acquired a prime building of over 1,000 sqm in the center of Timisoara from Folli Follie Group

MEDCITY, the only developer of healthcare buildings in South-East Europe, acquired a prime building of over 1,000 square meters in the center of Timisoara from fashion group Folli Follie Group in a transaction brokered by Colliers. Thus, MEDCITY is making its entry into the western city, expanding its portfolio of buildings under The Medical Mall concept, exclusively dedicated to healthcare operators and related activities.

The Romanian investors have been the most active on the real estate transaction market during the past 5 years

The Romanian investors have made real estate acquisitions worth €1.1 billion in the last 5 years, having a share of 28% in the investment volume recorded during this interval. Therefore, they have been the most active buyers of income-producing real estate assets in Romania, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

Beiersdorf is relocating to a new office building developed by Primavera Development in central Bucharest

CBRE assisted Beiersdorf Romania in the transaction process of finding and renting the space dedicated to the new office as well as the most suitable building for a company that is focused on sustainability. The German top player in Skin Care with iconic brands such as NIVEA is moving its office to a new class A building, D’OR, developed by Primavera Development.

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