JLL gave a retrospective of what the last 12 months have meant for the Romanian real estate market, focusing on how the health crisis has reshaped the business approach of those in this industry and to what extent what we expected to happen in March 2020 really happened.If we look beyond the last 12 months, we can see that what took place in the real estate market after the out...
After strong deliveries during 2019, the same pace was kept in Q1, the office buildings completed during the period adding 78,200 m² to the modern office stock in Bucharest. The largest projects completed in Q1 were Ana Tower, in the North-West Expozitiei sub-market, with 34,700 m² GLA and the third building of Globalworth Campus, in the Dimitrie Pompeiu sub-market, adding 32,0...
Expoziției Area attracted almost 15% of the total demand for office spaces registered last year in Bucharest, thus entering the top 5 areas preferred by companies to locate their offices, at a very short distance from Center-West, the most dynamic area in the last 3-4 years.The companies rented last year in Bucharest almost 390,000 square meters of office space, the highest lev...
After the strong first two quarters, Q3 2019 experienced a decrease in the demand of office space in Bucharest. Total gross transaction volume reached 60,800 m² marking a 44% drop when compared with the previous quarter, and approximately a 18% decrease when compared with Q3 2018. The average transaction size was 1,100 m². Net take up accounted for 42,200 m² roughly 50% of gros...
The sale of The Office Cluj Napoca by Ovidiu Sandor and NEPI Rockastle to the Dedeman group is the biggest transaction involving an office project ever conducted outside Bucharest and represents a new benchmark as regards the price and liquidity of prime real estate assets in secondary cities. Real estate consultancy company JLL was the exclusive representative for Mulberry ...
The Romanian office market started promising in 2019, given that in the first quarter, approximately 124,500 square meters were leased nationwide, almost 41% more than in the first quarter of last year. Transactions in the first quarter of this year account for about 31% of the total volume traded last year, about 400,000 sq m. If the current pace is maintained, the rented ...
LL, the Real Estate consultancy agency, advised Visteon Corporation, the only Tier 1 automotive supplier focused exclusively on cockpit electronics, in the process of searching for a new office in Romania and negotiating the lease terms. Visteon leased 5,000 sqm in ISHO Office building, part of the ISHO campus Timisoara. "We are very happy for have been involved in this n...
Skanska has leased to Microsoft Romania a total of 22,905.78 sqm of office space and 500 parking places, in Campus 6 office complex, in Bucharest, Romania. The start date of the lease is scheduled for the third quarter of 2020. Microsoft was assisted by advisory firm JLL during the process of searching for the best relocation and consolidation options and the negotiation of ...
JLL has successfully secured 11 million euro to refinance the Lascar 31 Business Center Bucharest on behalf of the manager of the project, ForeVest Capital Partners. Intesa Sanpaolo Bank Romania provided the loan for the property, which consists of 9,250 square meters rentable area. Lascar 31 Business Center is located in the central area of Bucharest. Among the main tenants...
Companies have rented in the first quarter almost 70,000 square meters of office space in Bucharest, one third of the demand came from companies that formerly had its headquarters in old, small buildings or in other different from modern buildings (noncompetitive stock). This segment of demand increased compared to last year, when accounted for only 7% of the total take-up. ...
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