The office market in Bucharest recorded an increase of 24% for the number of transactions, in the first 9 months of the year, compared to the same period of 2020, according to a report made by experts of the real estate consulting company Avison Young. In quarter 3, 2021, the modern office area stock reached 3.43 million sq.m, while the non occupancy rate grew to 11.7% compared to 10% at the end of the previous quarter. Over 130,000 sq.m. of offices were completed in the period analyzed. According to the specialized report, the number of office areas scheduled to be completed in 2022 is lower, by 166,000 sq.m of areas under construction, of which 30%-40% are already pre-rented. In this context, Avison Young consultants recommend companies to begin looking for new headquarters at least 9-12 months in advance, to be able to benefit from the best options, and to personalize available locations to company needs. Since 2017 Avison Young has activated in Romania being now one of the most important real estate consulting companies in the market. Founded in 1978 in Toronto, Canada, Avison Young administers now over 37 million square meters. Over 5,000 real estate specialists activate in 100 offices in countries like Canada, USA, Germany, Great Britain, Poland and Romania.
Meta Estate Trust (MET), a holding company operating in the real estate sector, has invested approximately EUR 2 million in a new retail park currently under development in Ciolpani, a commune located on the Bucharest–Ploiești corridor (DN1), it said. The project is scheduled to be completed and handed over to tenants this year, with an […]
The German company DEHN, a manufacturer of electrical engineering solutions for critical infrastructure, including lightning and surge protection, as well as safety equipment, will open a production site in Piteşti, southern Romania. The facility, the company's first in the country, will expand its capacities to serve customers in Europe. It fits seamlessly into the company's […]
Cluj-based real estate developer Urbano Group announced plans for a new retail park in a project valued at EUR 100 million. The company says it will be the largest retail park in Transylvania. Until now, the developer has obtained the necessary building permits to begin work on Phase 1 of the park, which was named […]
SIGNAL IDUNA ASIGURARE REASIGURARE announces that final approval has been received from the Financial Supervisory Authority (ASF) for the acquisition of the majority stake in Garanta Asigurări, owned by The Ethniki, Hellenic General Insurance Company, the leading composite insurer in Greece. This transaction marks a key milestone for SIGNAL IDUNA, as the company continues its […]
Bitdefender, a global cybersecurity solutions provider founded by Romanian entrepreneurs Măriuca and Florin Talpeş, has agreed to acquire Mesh Security Limited (Mesh), a provider of advanced email security solutions founded in Ireland. Through the acquisition, Mesh’s email security technology and capabilities will be integrated into Bitdefender’s extended detection and response (XDR) platform and managed detection and response (MDR) services. […]
Several hundred people, mostly women, gathered on Wednesday, June 18, in Bucharest's Victory Square to voice their anger against the killing of women in Romania and demand reforms. Since the beginning of the year, 26 women have been killed. People brought signs displaying messages such as: “Safety for all women,” “Why is it always my fault?” […]
