Immofinanz rented approx. 80,000 sqm of office space in Bucharest during the abbreviated 2016 financial year. That represents more than 40% of the total standing office portfolio in Romania. These transactions are expected to increase the occupancy rate in the office sector in Romania from roughly 88% to more than 94%. New rentals and expansions accounted for roughly 47,000 sqm or 60% of the rented space, while the remainder represents contract extensions.
Immofinanz is currently rolling out its international office brand – myhive – to five office properties in Bucharest. The conversion has already been completed in the myhive Iride 20 and the myhive S-Park.
Sign up today for the latest news