The annualized rate of new demand for offices in Bucharest is comparable to the value recorded in 2019, even though it is about a third below the record volume of 2017, according to research by real estate consultancy Colliers.

The most exposed sectors to the inflationary pressures in Romania are the residential, industrial and retail ones, with a lot more resilience found in the office segment, suggest representatives of real estate consultancy Cushman & Wakefield Echinox. 

E.ON Hungária Zrt., the Hungarian unit of the E.ON Group has decided to move its Budapest site to BakerStreet, developed by Atenor Hungary. E.ON will occupy their new Hungarian headquarters from the second quarter of 2024 on 16,200 sqm, in the first phase of the new office campus. 

Companies are returning to stationary work, although it is not so easy for people to go back behind their desks, according to Walter Herz.

MAD Planning & Projects has sold an office building in Bucharest to the University of Medicine and Pharmacy in Bucharest for an undisclosed sum. The building located close to the University Area is set to host a medical simulation center.  

Property group Immofinanz has signed a 25-year lease for 6,500 sqm in Bucharest-based myhive Victoria Park to Leventer Medical Group. The leased area will host Leventer Hospital, the country's first private dermatology and surgical oncology hospital that will open in 2024 following an investment of around €10 million. 

Property developer Globalworth has secured a green loan of €85 million from the IFC, a member of the World Bank, which will be used for the expansion of sustainable projects in Romania. 

Wood & Company has appointed Cushman & Wakefield as the property manager of its Astrum Business Park in Warsaw’s Włochy district.

Revetas Capital has completed its sustainability-focused investment project at the Bonarka for Business “B4B” office park in Kraków, the B4B Oasis. By activating the common areas, the workplace is enhanced, thereby reducing the overall density within the buildings.

In total, 16,000 sqm of Class A office space has been delivered in the second largest city of Hungary. The building was developed by a local company, Dryvit Profi, realista.hu reports.