Office leasing in Bucharest reached its lowest point in four years during H1 2025, according to Colliers consultants. Total leasing transactions exceeded 100,000 sqm, representing a more than one-third decrease compared to the same period last year.
The ongoing construction of office projects in Bucharest fell by around 50% year-on-year by H1 2024, to 46,900 sqm, with their completion scheduled for 2024-2026, according to an iO Partners report.
Cushman & Wakefield, representing CIB Bank, have facilitated the transfer of the former CIB Bank Headquarter offices on Szabadság square, Central Budapest to a German investor as of December 1, 2016.
Panattoni has welcomed a new logistics client in Łódź. Sanmar has signed a lease for nearly 5,500 sqm of warehouse and office space within Panattoni's urban development, City Logistics Łódź VI. The transaction was brokered on behalf of the tenant by Newmark Polska.
Portland Trust has announced new lease agreements at Bucharest-based J8 Office Park, totalling around 3,800 sqm. Teleperformance (3,100 sqm), DY Nutrition (420 sqm), and Samsic (300 sqm) will collectively occupy this space.
Bebe Tei is scheduled to open in Q1 2026 a store spanning over 1,700 sqm in Iulius Mall Cluj. At the same time, dm drogerie markt will open this autumn a new unit spanning over 500 sqm in the same project.
New appointments
Romanian developer Redport has appointed Sorin Ioan Blaga as COO. In recent years, Blaga has served as CEO of Liebrecht & wooD Romania, managing real estate developments with a combined value of several hundred million euros, and as COO & Co-CEO of The Concept Group.
From mid-October, László Csapó will take up the position of Director of Business Development at Danubius Hotels Zrt. He succeeds Andrea Róna, who had held the position since 2022.
Cushman & Wakefield Echinox has named Gabriel Vințe as Business Development Manager within the Project & Development Services (PDS) department. He will also oversee the business line dedicated to sustainability services. Vințe has over 21 years of experience gained in renowned companies across sectors such as financial services, retail, residential, and consultancy.
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