In the Spotlight

In the Spotlight

MEMBER NEWS: Rived Development leased 1,000 sqm in Sema Parc to artisan bakery Pain Plaisir

MEMBER NEWS: Rived Development leased 1,000 sqm in Sema Parc to artisan bakery Pain Plaisir 1200 600 BUCHAREST REAL ESTATE CLUB

River Development  leased an area of 1,000 square meters in one of its buildings in Sema Parc to MAISON MORIES, the operator of artisanal bakeries “Pain Plaisir”, for production.

“Sema Parc is a generous space, adaptable to all businesses, whether we are talking about top companies operating in class A buildings, or we are talking about small production companies, logistics, or smaller activities, which have different needs. We are actively open to the business community and we are glad that the founders of Pain Plaisir have chosen Sema Parc for their newest production space. We hope that, in a short time, we will be able to host them a new bakery-store. ” – said Tina Virlan, Leasing Manager at River Development.

The rented space has an area of 1,000 square meters and is located in one of the existing buildings in Sema Parc, which have recently undergone a process of rehabilitation and modernization. 

“We have chosen to expand our business in Sema Parc with a new production space, for excellent positioning and for the facilities of the community developed here. Our strategy, which currently focuses only on Bucharest, is to open stores “close to home”, because artisanal bread must be eaten fresh and bought almost daily, in the absence of preservation and loosening agents. Sema Parc has given us the ingredient of a community in which we can grow, as we wish, in the coming years. ” – said Irina Stancescu, Co-Founder of Pain Plaisir.

River Development is a real estate developer with Romanian capital, with activity for over 15 years on the local market, supported by a team of professionals with extensive experience in planning, developing and managing large real estate projects. River Development develops the real estate projects Sema Parc (located on Splaiul Independentei – approx. 1,000,000 sqm GBA) and The Light (located on Iuliu Maniu Boulevard, approx. 150,000 sqm GBA), both located in the central-western area of the capital and in different stages of development.

River Development has over 150,000 sq m of office space in its portfolio and has delivered in the last two years over 38,000 square meters of new class A buildings, within the Sema Parc project, through the three class A buildings – Brussels, Paris and Berlin. London and Oslo buildings with delivery in Q4 2021 will add another 31,500 sqm (GLA) of class A offices within the Sema Parc project.

As part of its second portfolio project – The Light, River Development has already delivered the first phase – The Light One, a Class A office building with a leasable area of 21,653 sqm.

All recently developed or under construction projects comply with BREEAM standards for green buildings and target for the “Outstanding” rating. 

(8.04.2021)

MEMBER NEWS: GTC APPOINTS ZIV GIGI AS MANAGING DIRECTOR FOR ROMANIA

MEMBER NEWS: GTC APPOINTS ZIV GIGI AS MANAGING DIRECTOR FOR ROMANIA 823 600 BUCHAREST REAL ESTATE CLUB

GTC, one of the leading developers and asset managers in CEE, has announced the promotion of Ziv Gigi to the position of Managing Director Romania. He will be responsible for all operations of GTC in the Romanian market.

Ziv Gigi has more than 15 years of experience in Central and Eastern European real estate markets, developing and operating dozens of projects in office and Retail space. Ziv`s expertise covers the spectrum of a real estate development, sales and acquisitions. His previous tenure as the CFO of GTC’s operations in Bulgaria, Romania and Serbia provided him with all the financial acumen needed to successfully execute and support the company’s strategic direction, GTC states.

“I’m excited for this new opportunity with GTC. Romania is a dynamic and promising strategic location for the company’s development and growth. My deep knowledge of real estate sector and years of experience in this market will support GTC in realizing brand-new projects and implementing operational excellence” Ziv Gigi, Managing Director of GTC in Romania, comments.

The GTC Group is a leading real estate investor and developer focusing on Poland and capital cities in Central and Eastern Europe. Since 1994 GTC has developed 76 high standard, modern office and retail properties with a total area of over 1.3 million sq. m through Central and Eastern Europe.

GTC now actively manages a commercial real estate portfolio of 48 commercial buildings providing over 750 ths. sqm of lettable office and retail space in Poland, Budapest, Bucharest, Belgrade, Zagreb and Sofia. In addition, GTC has a development pipeline of 325 ths. sqm of retail and office properties in capital cities of Central and Eastern Europe, 37 ths. sqm under construction. GTC S.A. is listed on the Warsaw Stock Exchange and it is included in the mWIG40 index and inward listed on the Johannesburg Stock Exchange.

(7.04.2021)

IMMOFINANZ acquires HO from Erste Group in prime location in Bucharest

IMMOFINANZ acquires HO from Erste Group in prime location in Bucharest 899 600 BUCHAREST REAL ESTATE CLUB

  • Acquisition of the Bucharest Financial Plaza in the heart of Bucharest is valued at approximately EUR 36 million
  • Planned renovation of the property into a high-quality and green myhive building with a sustainability certification of at least Gold

Modern re-design of public area and planted city terrace create immediate value for the city and its residents IMMOFINANZ has acquired the Bucharest Financial Plaza office building, in a prime central location close to the historic center of Bucharest.
The property is being sold by Banca Comercială Română (BCR), the largest financial services group in Romania and a subsidiary of the Austrian Erste Group Bank. The building, with gross rentable space of around 27,700 sqm (post-conversion), was BCR’s head office until last year. The costs of the transaction amount to approximately EUR 36.0 million – the closing took place today.

“This agreement represents an important step for IMMOFINANZ in strengthening its high-quality office portfolio and its innovative myhive office brand in Bucharest. The Romanian economy will recover rapidly from the decline caused by the pandemic in 2020 and we expect positive developments in the coming years,” stated Dietmar Reindl, COO of IMMOFINANZ, highlighting the attractiveness of the market. “As part of the planned refurbishment into a high-quality, modern and sustainable office property under our flexible premium myhive brand, we will also provide more space for the public area and the green city terrace will bring a highly appealing central attraction to the residents of the city.” The renovation work is scheduled to begin following the planning and approval phases in the second half of 2022, with completion scheduled for 2024.

“The Bucharest Financial Plaza plays an important role in the latest developments in the city. It is uniquely located in the heart of Bucharest and offers access to a multitude of shops, restaurants and recreational activities. We are very pleased to have found IMMOFINANZ as a partner, with its many years of expertise in the Romanian market and the expertise to further develop the potential of this landmark”, said Michael Werner, Real Estate Management Executive Director at BCR.

The Bucharest Financial Plaza is not only the tallest office building in the city center at almost 70 meters, but is also an architectural symbol. The location on Calea Victoriei, the main street in the historic city center, provides excellent access to private and public transportation links, including three subway stations in close proximity. Since 2000, the Bucharest Financial Plaza has also formed part of a popular shopping district.

IMMOFINANZ in Romania

IMMOFINANZ has been investing in Romania for over 17 years. As of 30 September 2020, the Romanian real estate portfolio had a carrying amount of EUR 757.3 million, equivalent to 15.3% of the overall portfolio. The 13 standing investments have rentable space of around 334,000 sqm, with an occupancy rate of 93.6%. The largest properties include the two Bucharest office buildings, myhive S Park and myhive Metroffice, as well as the two shopping centers VIVO! Cluj and VIVO! Constanta.

(23.03.2021)

#OfficeGoodLife: More and more people returning to office – Skanska CEE Study

#OfficeGoodLife: More and more people returning to office – Skanska CEE Study 750 520 BUCHAREST REAL ESTATE CLUB

COVID-19 pandemic has undoubtedly changed the way we work around the world. A study carried out on behalf of the Skanska office development division in the CEE shows that from the total number of people interviewed, in March 2020, during the first wave of the pandemic, 39% of them went to the office every day. Currently, their percentage has increased to 49%. In Romania, the percentages progressed from 38% in March 2020 to 51% today.

The Great Disadvantages of Working from Home

The lack of a clear separation between work and home is seen as the biggest disadvantage of working from home (more than 40% of respondents say this). Limited social life and monotony are other disadvantages when working from home. One in four people complains about the high costs of maintaining their home, and also about the lack of equipment and infrastructure available at the office. About 1/3 of respondents say they lack the possibility to work from the office. In Romania, this desire is even bigger, almost half of the Romanians in the study said that they feel the need to work from the office. Also, people who work in team believe that working from home is less efficient, and the lack of “face-to-face” discussions is mentioned much more often as a disadvantage (37% from the Romanian respondents). People with young children are more likely to complain too about the limitations of working from home compared with the possibilities offered in an office space.

Over 50% of all respondents in Romania go to the office every day

In Romania, the percentage of people who worked from home in the first wave of the pandemic has decreased significantly in the last period, and the number of people who go to the office every day has reached 51%. The mental comfort of office work is highly appreciated by CEE employees who have children (almost 1/3 from the total of 19%) but also by people who have to share a room at home with their children (45% from the total of 19%). According to the study, 57% of respondents indicate that safety certificates, such as the WELL Health-Safety Rating have a positive impact on their sense of security in the office, and in Romania, this percentage is even higher, reaching 64%.

“People are the most important asset of a company, and for us, their safety and well-being have always been a priority. The opportunity to go to the office, to work in a team, to communicate, to be with their colleagues, is a valuable part of daily life, allowing employees to maintain their effectiveness, creativity and mental comfort. The sense of belonging and human relationships are altered in the online environment. It is very important for us that employees who return to the office feel safe from the first moment they walk through the access doors in the buildings until the end of the program, which is why we have implemented all the security measures since the beginning of the pandemic and until now.” says Anne-Marie Diaconu, Leasing & Asset Management Director at Skanska commercial development business unit in Romania.

The study focuses on four countries in Central and Eastern Europe – Poland, the Czech Republic, Romania and Hungary. Its main aim was to analyze the current situation concerning work models on the labor market in terms of the COVID-19 pandemic. The responses were collected from 1,200 office workers in four countries – Poland, Romania, the Czech Republic and Hungary.

(17.03.2021)

DECOR FLOOR: HIGH INTEREST IN VALUABLE WORKPLACES, ALIGNED TO DESIGN TRENDS LIKE BIOPHILIC & WELLBEING

DECOR FLOOR: HIGH INTEREST IN VALUABLE WORKPLACES, ALIGNED TO DESIGN TRENDS LIKE BIOPHILIC & WELLBEING 900 600 BUCHAREST REAL ESTATE CLUB

More projects that contribute to smarter cities, integrated in a clear, long-term urban strategy, are needed in Romania. Because we all aim for a smart economy, smart mobility, a smart environment, smart people, smart living and smart governance, says Decor Floor, regional leader in commercial flooring, in a discussion with BUCHAREST REAL ESTATE CLUB. 

“This formula can transform Bucharest in a European capital, able to keep up with both new generations and latest technologies”, says Octavian Moroianu, Managing Partner at Decor Floor, regional leader in commercial floors. In his opinion, Bucharest still needs experienced investors and developers with expertise in complex architectural projects with features to improve the quality of life in the city.

    The real estate developers on the local market are showing an increasingly large interest for investments in modern office buildings. This is why, today we live in a European capital where most of the buildings are Class A certified and two of them are rated among top ten greenest LEED certified office buildings in the world: Business Garden Bucharest C and Business Garden Bucharest B. These are projects where Decor Floor supplied and delivered floor finishes from its portfolio.

    In the last 15 years, Decor Floor CEE became a major player in the commercial flooring segment and a trustworthy partner in the real estate market. With a total turnover of EUR 10 mil. in 2020, Decor Floor delivered more than 150.000 sq m of raised access floor systems for the most iconic office buildings in Bucharest, such as Globalworth Campus C, Țiriac Tower, Equilibrium Phase 1 by Skanksa and One Tower @ Floreasca City. Its target for 2021 is to contract a minimum of 120.000 sq m. of raised access floor systems.

  They say that an extremely important element for success consists in providing premium services and products for both local companies and for corporations on the local market as well. ”If we were to speak in terms of square meters, let’s say for carpet, most probably the number would be around 145.000 sq m delivered in 2020 for tenants like PWC, NTT Data Romania, Royal Canin | Mars, and RPHI” Octavian Moroianu says.

One of their major projects, implemented during 2020-2021, is Țiriac Tower. Located in the heart of the city, for this project Decor Floor delivered and installed 12.800 sq m of raised access floor, 3.500 sq m of ceramic tiles and 900 sq m of ventilated facades, mechanically fixed to the building using a metallic structure, duly designed and checked, on which the external face in porcelain tiles is installed.

”This is an important step forward that will allow us access the ventilated facades segment with more confidence. Today, we have projects signed under letters of intention for more than 25.000 sq m of ventilated facades, forecasted to be completed during 2021 – 2022”, concluded the Managing Partner of Decor Floor, Octavian Moroianu.

(11.03.2021)

BREC ”WOMEN IN REAL ESTATE”: CONSISTENT PRESENCE OF WOMEN IN RE LEADERSHIP ROLES IN ROMANIA

BREC ”WOMEN IN REAL ESTATE”: CONSISTENT PRESENCE OF WOMEN IN RE LEADERSHIP ROLES IN ROMANIA 750 525 BUCHAREST REAL ESTATE CLUB

Romania is a balanced market as regards the presence of women in management and top management roles of real estate companies and their annual incomes can exceed 300.000 EUR per year, according to the most recent analysis by BUCHAREST REAL ESTATE CLUB. At its 2nd edition this year, WOMEN IN REAL ESTATE initiative aknowledges the role of women in managing and developing significant real estate businesses in Romania.  

Romanian women manage large real estate investments and assets in excess of 5 billion EUR, leading the activity of companies across the entire spectrum of the real estate sector: investment funds, real estate development companies, asset management companies, advisory and brokerage, as well as successful entrepreneurial businesses such as architecture and interior design firms.

Women in top management roles (CEO, COO, CFO) may excced net annual incomes of EUR 100.000 EUR, plus 3-5% ad-ons from the annual profit of the projects they manage („shared profits” participation), according to WOMEN IN REAL ESTATE analysis by BUCHAREST REAL ESTATE CLUB.

The middle management roles (Marketing Director, Commercial Director, Legal Manager) are remunerated with incomes that may exceed 50.000 EUR per year, with performance – related bonuses. For example, commercial directors in the residential segment can ad to their salaries a plus of 1% of the total sales volume they coordonate.

In the brokerage sector, senior department managers are remunerated with 36.000 – 55.000 EUR annually, plus commissions of 8-25% of the incomes they generate for the company. 

“In an atypical year as it was the case of 2020, the women`s performance in real estate management roles in Romania are the more notable.

They adjusted their companies` actions and business plans according to the new reality, they negotiated, re-negotiated and signed large sales or rent transactions of the real estate assets and they even decided the start of new real estate investments, under full pandemic circumstances. As compared to the Western European countries, Romania is a particular market, with women managers being very present and visible in the real estate sector, being remunerated as such,” states Despina Ponomarenco, President of BUCHAREST REAL ESTATE CL)UB.

(8.03.2021)

MEMBER NEWS: Delta Studio Expands Operations as Residential Real Estate Developer

MEMBER NEWS: Delta Studio Expands Operations as Residential Real Estate Developer 750 526 BUCHAREST REAL ESTATE CLUB

Romanian interior design supplier Delta Studio consolidates its operations on the residential segment by entering the development market, announced Tudor Cartianu, CEO of the company at a recent BUCHAREST REAL ESTATE CLUB Media Briefing.

Starting Q1 2021, Delta Studio will develop a boutique residential project, in gated community format in Corbeanca area, near Bucharest.

The project consists of 24 houses, benefitting from modern architecture and large common spaces with a community pool, park and outdoor fitness area.   

“The real estate market had been under our attention for some time, as we are an already established supplier of materials and finishes for this market and we are very well immersed into the segment.

In the new context generated by the pandemic we saw the opportunity to develop a modern housing  project in one of the premium green areas in the outskirts of Bucharest, Corbeanca,” stated Tudor Cartianu, CEO of Delta Studio.

The project delivery is estimated for Q1 2022.

(3.03.2021)

THE NEW FACE OF BUCHAREST: STRUCTURAL CHANGES IN LOGISTIC & RETAIL

THE NEW FACE OF BUCHAREST: STRUCTURAL CHANGES IN LOGISTIC & RETAIL 740 519 BUCHAREST REAL ESTATE CLUB

As online sales market continues its accelerated growth, logistic developers are consolidating their logistic hubs near Bucharest. Retail focuses on smaller – sized proximity projects. 

Pandemic brings structural changes on the retail and industrial segments of the real estate market: proximity retail gains further ground, while logistic keeps on its consolidation on grounds of 2020 accelerated growth in online sales, according to BUCHAREST REAL ESTATE CLUB analysis – THE NEW FACE OF BUCHAREST.

”The total E-Tail* – tangible products – market in Romania reached a 5.6 billion EUR value at the end of 2020, up by 30% as compared to the previous year. Daily sales also reached the 15 million EUR volume,” said Raluca Radu, Co-organizer of GpeC (E-Commerce Awards Gala) at the press conference organized by BUCHAREST REAL ESTATE CLUB on the official launch of THE NEW FACE OF BUCHAREST Catalogue.

In this context, developers are actively investing in new logistic parks, the most important areas in Bucharest being the hubs in the proximity of A1 and A3, with a new interest area between the two, namely Buftea – Chitila, in the vicinity of the new Capital`s ring road, A0.

“The e-commerce operations are changing the paradigm in logistic. Large e-commerce players will continue to generate demand for XXL hubs logistic formats as well as for cross-docking platforms,” Dana Bordei, Commercial Director of WDP logistic developer stated for BUCHAREST REAL ESTATE CLUB.

„From our Group activity we see sinergies between the office and the logistic segments, with tenants from the office buildings which we aim to attract to our logistic parks,”, said Alexandra Popa, CFO of Element Group, which includes the logistic developer Element Industrial.

„The retail and e-commerce companies rented a cumulated area of more than 400.000 sqm in Romania in 2020. Bucharest remains the most attractive city, comprising 65% of the total volume transacted last year. Proximity has a major impact on consumers` habits; as a consequence, the food operators remained active, ensuring new locations in the proximity of the most dense residential hubs, while developers focused on smaller – sized parks, with a limited mix of retail and services,” Cristi Moga,Head of Reserach Cushman & Wakefield Echinox, said at the same press conference.

Download here THE NEW FACE OF BUCHAREST Catalogue by BUCHAREST REAL ESTATE CLUB

(19.02.2021)

THE NEW FACE OF BUCHAREST: RESIDENTIAL IN THE HYPE

THE NEW FACE OF BUCHAREST: RESIDENTIAL IN THE HYPE 740 519 BUCHAREST REAL ESTATE CLUB
In the context of Covid – 19 pandemic and with the amount of time spent at home having increased in the past year, together with the increase of Romanians` purchasing power, the Bucharest residential market is undergoing an effervescence period. Developers active in Bucharest are investing a total of 1 billion euros in middle & upper class housing projects, which improve the living standards in the Capital City, according to BUCHAREST REAL ESTATE CLUB analysis – THE NEW FACE OF BUCHAREST. 

According to BUCHAREST REAL ESTATE CLUB data, the total investments volume, on all sub-segments of the Bucharest real estate market is 3.5 billion euros (of which the residential sector – middle & upper class quality projects represent a total of 1 billion euros), in 60 projects included in the analysis, completed in 2020 or with delivery term until 2023. National Real Estate Cadastre Agency data reflect a residential sales volume higher by 19% in 2020 as compared with 2019, despite a 2 months blockage during the lockdown period at pandemic outbreak.     

According to BUCHAREST REAL ESTATE CLUB analysis, the area thhhat keeps on attracting most of the quality projects investments is the Northern part of Bucharest, with its sub-markets Barbu Vacarescu – Floreasca, Aviatiei, Pipera, Baneasa, Expozitiei, Sisesti – Straulesti.

With Eurostat data reflecting a 45,8% percentage, almost half of Romania`s population living in over-crowded dwellings, BUCHAREST REAL ESTATE CLUB estimates a continuing high potential on the market for new residential developments. 

MAIN TRENDS OF THE RESIDENTIAL SECTOR IN 2021: 

  • 2-rooms apartments remain prioritary in the development mix for the middle segment, as they are most searched by buyers for and price – affordable. 
  • Individual houses and villas demand increases by 30%, but most projects focus on apartments well located within the City and served by various facilities.
  • Pandemic favors projects with multiple facilities for the living communities: green areas, children playgrounds or special areas designed for outdoor sports.
  • New types of layouts: considering the evolution towards a new hybrid work format (several days from home and several days from the office), developers also consider the idea to include an office area in the new housing layouts, which can improve the comfort of working from home.
  • New areas of interest: together with the inauguration of the new M5 subway in the Central – Western part of Bucharest, new residential projects may be announced in the following period; another area of interest which will attract new investments is the one in the near proximity of the Urban Highway, where some developers are already preparing projects.
  •  The luxury segment continues its development trend, with more and more sophisticated clients, whose incomes were not affected by the pandemic and who that pay up to 4-5.000 EUR/sqm for exclusive properties. 

Download here THE NEW FACE OF BUCHAREST Catalogue by BUCHAREST REAL ESTATE CLUB

(17.02.2021)

THE NEW FACE OF BUCHAREST: + 3.5 BLN. € INVESTMENTS IN BUCHAREST REAL ESTATE

THE NEW FACE OF BUCHAREST: + 3.5 BLN. € INVESTMENTS IN BUCHAREST REAL ESTATE 740 524 BUCHAREST REAL ESTATE CLUB
Bucharest attracts investments totalling over EUR 3.5 billion in large-scale projects, developed in 2020 and in course of delivery until 2023, according to the latest market analysis conducted by BUCHAREST REAL ESTATE CLUB – “THE NEW FACE OF BUCHAREST”.
The value includes investments in major urban regeneration projects, which bring back to the communities the former abandoned industrial platforms in central areas of the city, in new office buildings integrating smart technologies adapted to the new hygiene and health conditions, in modern residential, which defines new living standards in Bucharest, in new retail schemes and logistics hubs in the vicinity of Bucharest, as well as in infrastructure projects.

The capital of Romania has become a technology and innovation hub, as highlighted by the Financial Times ranking, which places Bucharest on the 7th place in the Top 25 “Tech Cities of the Future 2020/2021”. At the same time, in the pandemic context and with the acceleration of digitalization, it is expected that the main software and digital solutions companies will continue to accelerate their development.

UiPath was founded in Bucharest, the city where our global development started. We found the necessary modern infrastructure and offices here and, most importantly, highly specialized human resources, which contributed to the success of the UiPath story on every continent, says Elisabeta Boşneag, Head of Global Real Estate UiPath, for BUCHAREST REAL ESTATE CLUB.

50% OF THE TOTAL INVESTMENTS VOLUME IS REPRESENTED BY THE LARGE URBAN REGENERATION PROJECTS, THE NEW OFFICE HUBS AND THE TRANSFORMATION OF THE ULTRA-CENTRAL AREA OF BUCHAREST.

According to BUCHAREST REAL ESTATE CLUB data, local developers as well as international investment funds are investing approximately 1.6 billion euros in modern projects, which will completely change the Bucharest real estate landscape.

Urban renewal projects on former industrial platforms create new areas of interest, with mixed functions (offices, housing, retail) and multiple facilities (green spaces, areas for outdoor sports and playgrounds), while offering the possibility to work in the home proximity. Such developments analyzed by BUCHAREST REAL ESTATE CLUB are One Floreasca City, One Cotroceni Park, Timpuri Noi Square – Vastint, Fosta Fabrică – Hanner or Estoria complex. On the office market, some projects have been converted into residential spaces, but investments have not been stopped.

The most important office hubs, with new projects completed in 2020 or under development in 2021-2023 are the Central – Western area (One Cotroceni Park, Campus – Skanska, The Light), South – Center (Timpuri Noi Square – Vastint, U Center – Forte Partners), Barbu Văcărescu (Globalworth Square and Equilibrium – Skanska), Pipera (Globalworth Campus), Expozititiei (J8 Office Park – Portland Trust and @Expo – Atenor) or Băneasa with MIRO Offices by Speedwell. The Ultra – Central area is also on investors` radar, some of the most important projects here being One Tower by One United Properties or Țiriac Tower – Țiriac Imobiliare. At the same time, developers are investing in existing properties, preparing them for the increasingly sophisticated requirements of tenants and buyers: Bucharest Business Park (CA IMMO), myhive (Immofinaz) or One North Gate (One United Properties) being just a few examples.

Post-pandemic trends on the Bucharest office market

While international green building certifications BREEAM or LEED have already become a standard for the new office buildings in Bucharest, major developers have increasingly addopted the WELL certification – an international standard that certifies the quality of the interior air and construction to parameters that ensure the wellbeing of employees who will work in these buildings.

Innovation and integration of smart technologies are also becoming increasingly important for developers, with new buildings benefiting from touchless technology or innovative air disinfection systems, which ensure a higher degree of hygiene and safety for the buildings occupiers.

Geothermal systems or photovoltaic roofs are also some of the features of the new office buildings,signaling thatthe buildings` energy efficiency is also becoming a standard among institutional real estate developers.

The new hybrid work format

Given the start of the global vaccination campaign, market experts estimate that most of the companies will choose to work for at least 3 days a week from the office, leaving certain segments of employees the flexibility to continue to work from home.

”In 2020, aproximately 25.000 persons called ATLAS Help Line, a phone line for psycho-emotional support; beyond the pandemic – related difficulties (depression, anxiety), they also reported problems related to the lack of adaptation to working from home: stress, sleeping problems, difficulties in managing their relations with thei families and colleagues. Also, more than 20.000 online psycho-therapy sessions took place on atlas.app, while the self-evaluation tools available there (stress, depression, anxiety, burnout, quality of life, financial wellbeing scales) and the specialized content on the blog were constantly accessed by a large audience. A significant increase of 100% was also registered among our corporate clients, as companies in Romania contracted the ATLAS services as support for their employees in this period,” Dr. Mihai Bran,  primary psychiatrist and co-founder of ATLAS, digital health and wellbeing platform that grew exponentially in the recent years, stated for BUCHAREST REAL ESTATE CLUB.

Download THE NEW FACE OF BUCHAREST Report by BUCHAREST REAL ESTATE CLUB

(16.02.2021)