Press releases

Bucharest office market: Demand exceeds the new offer over 4 times

18-07-2017

piata-de-birouri-din-bucuresti-la-6-luni-–-cererea-a-fost-de-peste-4-ori-mai-mare-decat-suprafata-livrata_min.jpgNet take-up of office spaces in Bucharest amounted almost 80,000 sqm in the first half of the year, meaning that an additional 10,000 jobs were created, given that companies usually allocate for each employee some 8 square meters. In total, gross take-up reached in this period of time 185,000 sqm, a slightly decrease when compared to first 6 month of last year (192,000 sqm). Development activity remains low, with only 43,000 sqm of new office spaces delivered in H1 in Bucharest out of 140,000 sqm expected for the entire year. Total demand exceeded the new offer over 4 times. The largest pro...

JLL is the property management company of Swan Office & Technology Park

05-01-2017

International advisory firm JLL has been selected by the new owner of the SWAN Office & Technology Park as property and asset manager of the office building located in the North part of Bucharest. JLL's responsibilities comprise maintaining excellent relations with tenants and extensive operational management services including overseeing subcontractors and maintenance costs. ”This is the second contract won by the JLL’s Property Management Department in the last 4 months. With this contract, the managed portfolio of the JLL in Romania grew at more than 200.000 sqm. SWAN Office ...

JLL has attracted € 6 million for Adval Asset Management

09-08-2016

Adval Asset Management supported by JLL’s Capital Markets team has successfully secured the refinancing of €6 million of Cascade Offices. Cascade Offices is a 4.200 m² office building delivered in 2005 and located on Buzesti Street, in the heart of the Central Business District (“CBD”). Among the main tenants, the project counts Procredit Bank, Enel and Taiwan TC. David Hayward, CEO of Adval, had this to say about the transaction: ”In 2014 Adval performed a management buyout of a portfolio of assets that the team had managed for the previous six years. Over the last...

Fact or science fiction? The office of 2021 tells all

09-06-2016

Picture yourself at the office in 2021, five short years from now. An app on your smartphone reserves your favorite cubbyhole—you don’t have a fixed desk. You settle in, using a different app to set the lighting and temperature to your liking, and play your favorite background music. A colleague comes by with a question, so you wirelessly connect your laptop to a nearby whiteboard to share a presentation. Far-fetched? Not for some corporations. Offices are evolving faster than at any time in history, and becoming more accommodating of individual choice....