The office market in Bucharest could start to see a mode generalized increase in rents due to a limited volume of deliveries slated for 2023 and a limited vacancy rate for modern buildings, predict experts of Colliers.
Demand for office space in Bucharest was flat at 286,100 sqm in 2022 compared to the previous year, while the vacancy rate fell slightly to 12.54%. Demand was driven by the IT sector, which had a share of more than 25% of the office leasing market, according to JLL Romania.
ELI Parks, the industrial network developed by Element Group and D Craig Holding, will start two new projects with a total area of 42,000 sqm in the Buftea Chitila area, in northwestern Bucharest.
Polish fashion retailer LPP has leased 65,000 sqm in CTPark Bucharest West for its new regional distribution centre that will cover southeastern Europe. The park spans around 770,000 sqm and is located near the Romanian capital.
Alesonor said it would kick off the development of Agora, the facilities component of the Amber Forest residential complex, which includes commercial, medical and sports investments. The developer has already secured a partnership with Pescariu Sports and has leased the first commercial space in the complex located near Bucharest.
As the European Union has proposed the move towards zero-emission buildings by 2030, a significant portion of the energy consumption of these projects should be covered by energy from renewable sources. This includes renewable energy produced on-site or nearby so property companies are starting to invest in such facilities in a bid to lower operating costs and meet targets under their ESG agendas. The investments in such capacities have been boosted by the high energy price environment and the need of property companies to enhance the security of power supplies.
Romanian industrial developer Global Vision has purchased the Nova Building office project in northern Bucharest, with the overall investment in the building set to exceed €12 million.
New technical regulations regarding the methodology for calculating the energy performance of buildings will be enforced in Romania starting February. The new rules will help the local construction market will take an important step forward by aligning with European standards and trends in terms of sustainability
Demand for new offices in Bucharest rose by 13% in 2022 compared to the previous year, with 332,922 sqm of spaces leased in the city during the past year, according to real estate consultancy Fortim Trusted Advisors.
A popular brand joins the ranks of tenants at Galeria Bemowo in Warsaw. The Tchibo shop opened on Thursday, February 2nd. The store, with an area of over 155 sq m, is located on the ground floor.
Emons is expanding its network of logistics centres in the Czech Republic. As of February 2023, Emons opens a new logistics centre in Ostředek, leasing over 6,000 sqm of warehouse space in the Sázava Logistics Park.
OmniOffice, a serviced office provider, is joining the tenants of Warsaw UNIT. The company has leased 3090 sqm of office space in a Ghelamco high-rise building in the Polish capital.
New appointments
Daniel Cateliu has been appointed as Director in the Industrial & Logistics department of real estate consultancy CBRE Romania. He is currently pursuing an EMBA at the University of Sheffield in the UK. Cateliu is a graduate of the Faculty of Political Sciences within the SNSPA, subsequently following a master's program and earning an Erasmus scholarship at the University of Trieste in Italy.
Oscar Kazanelson - the current Chairman of the Supervisory Board of ROBYG - has been appointed Chairman of the Supervisory Board of Vantage Development. This is related to the decision to build synergies within the TAG Immobilien Group.
Piotr Chemperek has joined the experts of the Office Space Department at Colliers Poland, taking the position of Associate Director. He will be responsible for advising companies in the medical sector.
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