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Articles - transactions

Premium East8 announces the relocation for one of its clients, a top company in the IT&C field, in the Euro Tower office building

The Euro Tower building has attracted a new tenant, a software company that has thus rented a class A office space, consolidating its presence in the business center of Bucharest.

Portland Trust announces new tenants for J8 Office Park, totalling over 8000 sqm

Portland Trust, the developer of J8 Office Park announces new tenants for the office project located in the northwest of the capital. Dr. Max, HIGH-TECH SYSTEMS & SOFTWARE (HTSS) and REO Medical will occupy over 8000 square meters, the equivalent of approximatively 3 floors.

America House Office Building Welcomes VSR Canada and Ebury as New Tenants

America House, the iconic office building located in Victoriei Square, in the heart of Bucharest CBD, is pleased to announce the addition of two multinational financial services companies, VSR and Ebury, to its tenant mix. These multinational companies, known for their expertise in the financial services sector, have leased a combined 1,500 sqm of Class A office space, further enhancing America House's vibrant business community.

Top regional centers for modern office rentals: 82% of all offices rented by companies outside Bucharest are in Cluj-Napoca

The total volume of office space rented outside the Capital is increasing. In the first three months of 2024 alone, modern offices were leased with a total area representing 47% of the total area transacted last year, in all major business centers.

DP World Romania opens a new branch and expands business area in Romania at 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 pleased to announce that DP World Romania, a global leader in logistics and supply chain solutions, is expanding its business operations within Romania and is opening an office in the prestigious One Cotroceni Park class A office building. The new lease agreement followed an efficient real estate process led by CBRE Romania and spans a term of 10 years, covering a surface area of 700 square meters.

Genesis College rents over 10,000 sq m in one of the OMV Petrom City buildings

Genesis College, with over 25 years of experience in the Romanian market, is taking a strategic and significant step towards development by expanding its educational space. This expansion is made possible by leasing one of OMV Petrom's buildings in the northern part of the Capital.

Romanian real estate investment market closed the first quarter with transactions of 202 million euro

The first quarter of 2024 ended with real estate investments in Romania totalling 202 million euros, up 69 percent compared to the first three months of 2023, with transactions in the retail segment accounting for around two-thirds of the volume, according to a Colliers report. Compared to the other five major economies (Bulgaria, Czech Republic, Hungary, Poland and Slovakia) in Central and Eastern Europe (CEE), Romania was the best performer in a context where market activity in the region was soft and transaction volumes reached one of the lowest levels in a decade.

Demand for office spaces surged by over 60%, with transactions up to 1,000 sq. m being the most prevalent

The office market in Bucharest has shown a sustained demand growth in Q1, both in terms of the transacted volume and of the average lease size, amid an extremely limited new supply, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

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