TOP 10 OFFICE DEALS, Q1 2018

TOP 10 OFFICE DEALS, Q1 2018 2000 1019 Bucharest Real Estate Club

TOP 10 OFFICE DEALS, Q1 2018

The biggest ten office deals in Q1 2018 total 39, 373 sq. m, the podium concentrating two projects: one in CBD – Day Tower and the other one with two deals in Central West – The Bridge. The total gross take-up in Q1 amounts for 70,000 sq.m, while monthly prime office rent is at the level of 18,5 EUR/sq.m according to data by JLL. BREC compiled this top based on the information released on the market by developers & brokerage companies.

DAY TOWER – 11,500 SQ. M, PRE-LEASE

The first place goes to Day Tower, the office project of Greek-based Day Group, for the pre-lease deal of 11,500 signed with a company active in the energy sector. The new business center is accessible from Unirii Bvd, neighboring the Court Law Building. With nine above the ground floors, Day Tower was particularly sought after for its visibility in a dominant area of Bucharest. The new tenant will occupy the entire building, which is to be finalized in Q3 2018.

THE BRIDGE 2– 6,000 SQ. M, PRE- LEASE

Colliers Romania assisted UPC in the 6,000 sq. m leasing deal at The Bridge 2, the second phase of the business park Forte Partners is developing in the Center-West submarket, near the Basarab overpass. The new space will be the headquarters of the company, thus consolidating operations from two locations, the Nordului office and the one from Sema Park, starting in 2019. “After nearly a decade in its current locations, our client took a strategic decision by relocating its headquarters in a booming office area. This emerging office pole was chosen by our client given the potential of increasing its employees’ satisfaction”, said George Didoiu, Associate Director Office Agency at Colliers International Romania.

THE BRIDGE 2, 4,500 SQ. M, PRE-LEASE

The same building is the protagonist of the third place in our top, as C&W Echinox assisted Forte Partners in a lucrative 4,500 sq. m pre-lease deal, a relocation from a non-competitive stock.
The Bridge office project received the highest LEED Platinum scorecard certification awarded by US Green Building Council (USGBC) for a Romanian property. The Bridge 2, with a leasing office area of 21.000 sqm, is under construction and will be delivered in the last quarter of 2018.

CITY GATE, 4,050 SQ.M, RENEWAL & EXPANSION

E.ON renewed its 2,800 sq. m. office space in the City Gate project in Expozitiei area and also expanded with another 1,250 sq. m in a deal coordinated by C&W Echinox. The two towers dominate the square in front of the main Expo building in Bucharest, the area configuring as a new business hub in Bucharest.  In 2016, GTC successfully streamlined the ownership structure of the whole complex by buying out its minority partner, Bluehouse Capital and now owns 100% of the equity.

WEST GATE, 2,600 SQ.M, RENEWAL

BRD, one of the main players in the Romanian banking industry, renewed its office lease contract in West Gate, the business park owned by local developer Liviu Tudor.
West Gate is one of the largest business parks in Bucharest, developed by Genesis Development, in the West part of the city, on Precizei Blvd. West Gate has five buildings with 15,000 sq. m. rentable area per building of high quality Class A offices and ancillary accommodation.

CORESI BUSINESS PARK BRASOV, 2,300 SQ.M, PRE-LEASE

Cerner, the IT solutions provider for the health care industry, with its Romanian HQ based in Brasov pre-leased a 2,600 sq. m space in Coresi Business Park, in a deal brokered by C&W Echinox.
Coresi represents a complex regeneration scheme of former Tractorul industrial site, assumed by Immochan, on a size of over 100 hectares, comprising of a shopping mall, residential compound and a business park.

S-PARK/MY HIVE, 2,300 SQ.M, EXPANSION

ING expanded with another 2,300 sq. m. its office from my-Hive/ S-Park, the business park owned by Immofinanz, near Presei Libere Sq.

It comprises of 34,000 sq. m class A office space.

Immofinanz announced at the beginning of 2017 an investment plan of 1.8 million EUR to modernize five of its office properties and rebrand them under its corporate office brand, my-Hive.

Following this modernization, S-Park benefits of a spacious lobby with relaxing and socializing areas, as well as other numerous facilities.

TIMPURI NOI SQ, 2,123 SQ.M, RELOCATION

Fortuna, the company active on the online betting segment, relocated its office at Timpuri Noi Square, the project developed by Vastint in the Center-South area of Bucharest. The first phase of the project comprising two office buildings of 32,000 sq. m are 90% leased. Construction works for the second phase are underway, scheduled to be finalized by year end.

BUCHAREST BUSINESS PARK, 2.000 SQ. M, RENEWAL

C&W Echinox assisted CA Immo in the 2,000 sq.m renewal deal for Carpatcement at Bucharest Business Park.

The four buildings within the classically designed business park each offer some 27,000 sqm of office space on five levels, while being surrounded with greene areas.

The property is located in Presei Libere Sq.

GRAND OFFICES, 2,000 SQ.M, RENEWAL

Pharmaceutical company Teva renewed its office deal in Grand Offices, the business centre within JW Marriott Hotel from Bucharest.

The property has 11, 000 sq. m. office space distributed on 10 floors, with flexible floor plates from 24 sq. m.  up to 1.200 sq. m.

Back to top