ARTICLES LABELLED WITH TAG U-Center

News CBRE to manage U-Center 1 office building in Bucharest
23
Oct
2023

CBRE to manage U-Center 1 office building in Bucharest

by Property Forum
Pavăl Holding has appointed CBRE as manager of its U-Center 1 office building. The manager will oversee all aspects of the property in relation to tenants, subcontractors, and authorities.
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News Forte Partners completes new office building in Bucharest
21
Sep
2023

Forte Partners completes new office building in Bucharest

by Property Forum
Romanian developer Forte Partners has delivered the second phase of its U•Center 2 office project in Bucharest. The building has a leasable area of 35,000 sqm and 28,000 sqm have already been occupied by office and retail tenants.
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News Office demand in Bucharest stays flat in 2022
25
Jan
2023

Office demand in Bucharest stays flat in 2022

by Property Forum
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.
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News Office demand in Bucharest up 13% in 2022
19
Jan
2023

Office demand in Bucharest up 13% in 2022

by Property Forum
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. 
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News Pavăl Holding buys office project in Bucharest
01
Nov
2022

Pavăl Holding buys office project in Bucharest

by Property Forum
Pavăl Holding, the investment vehicle of the Pavăl family, has purchased first phase of the U•Center office project in the Tineretului area of Bucharest from Romanian developer Forte Partners for an undisclosed sum. 
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News Forte Partners gets green power for Bucharest offices
12
Apr
2022

Forte Partners gets green power for Bucharest offices

by Property Forum
Romanian developer Forte Partners says that all its office projects in Bucharest are powered solely by renewable energy as part of its sustainability strategy.
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News Bucharest office stock reaches 3.27 million sqm in Q1 2022
07
Apr
2022

Bucharest office stock reaches 3.27 million sqm in Q1 2022

by Property Forum
The office market in Bucharest expanded by 73,500 sqm to a total stock of 3.27 million sqm at the end of the first quarter of 2022, while leasing activity expanded by 44% compared to the first quarter of 2021, according to CBRE. 
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Latest news


New leases

  • DevHub, a Romanian software development company, has solidified its presence in the Romanian market by opening two new offices, with a total area of over 1,000 sqm, located in the office buildings within the mixed-use projects Iulius Town Timișoara and Palas Iași, developed by Iulius.
  • ELI Parks has signed an agreement with Quehenberger Logistics for the lease of 1,703 sqm of warehouse space and 56 sqm of offices within the ELI Park Bacău project.
  • Cushman & Wakefield has appointed Szczepan Gowin to head its Industrial & Logistics Agency in Poland. He has over 15 years' of international experience in logistics and supply chain management.

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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