Latest News  

Romanian cities of Iasi and Timisoara office rental at record highs in 2015

In 2015, the volume of office rental transactions except the Capital rose to a total area of 49,661 sqm, 32% more than in 2014, an Esop release reveals.

2016-02-15 15:45:41 - by Bogdan Tudorache

The stars were Iasi and Timisoara cities, where ESOP Consulting brokered two major transactions last year: a space of about 4,000 sqm for Hella company, in Timisoara and an office space of about 1,000 sqm for Cegeka, in Iasi.

"There is a happy tandem that enables the development of office market in large cities in Romania - the demand for labor of IT&C and outsourcing companies and the increasing demand of quality office spaces, in new buildings, at international standards.

Romania holds the second position among the top CE Fast Technology 50 top Deloitte, after Poland and this is materialized in an increasing interest of investors for the labor market in Romania and implicitly for accommodating it, not only in the Capital, but in all the major university centers.

ESOP has closely monitored this trend and meets the demand for spaces in the country, resulting in two major office transactions in 2015 - renting an area of 4,000 sqm, in City Business Center complex in Timisoara and an area of 1,000 sqm by Cegeka in Palas in Iasi", says Alexandru Petrescu Managing Partner at ESOP Consulting, CORFAC International.

Among the tenants in T4 2015 who chose Iasi were Cegeka and Centric IT Solutions.
Cegeka rented a space of about 1,000 sqm in Iasi, through Esop, and Centric IT Solutions rented 1,700 sqm, also in Iasi. During the same period, WeLocalize rented an office space of 600 sqm and OSF an office area of 550 sqm in Cluj Napoca.

They are joined by other large companies that rented offices during the first nine months of 2015, like Xerox (in Iasi), Accenture Services (in Iasi, and Timisoara), Hella (Timisoara), Amazon (in Iasi) Bitdefender (Iasi), Unicredit (Iasi) and Ness (in Timişoara).

The office buildings where large spaces were traded in 2015 in the country were Palas and Unites Business Center 3 in Iași, City Business Center and UBC Open Ville in Timișoara, Cluj Business Center and The Office in Cluj-Napoca.


"In 2016, the trend will be maintained, the interest in labor outside the Capital will be as high, and this wave of large multinational and Romanian companies that will choose secondary cities will lead to greater confidence of real estate investors in the office market in these localities. As a result, we estimate that this year the quality of new buildings in Timisoara, Cluj Napoca, Iasi and the stability of this local business will attract more international real estate investors like NEPI (that already has investments in Timisoara and Cluj, and in the long term they will be followed by the following positions in the top cities with office transactions - secondary markets such as Craiova and Brasov," also says Petrescu.


0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
Microsoft report: Romania registers average malware attack rate of 7.46 per cent, over European average

Romania reached a 7.646 per cent malware attack rate in 2018, 2.13 per cent higher than the average European rate, according tot eh 24th edition of Microsoft Security Intelligence (SIR), released recently.

 Read Full article »
Blockchain StartUp Swazm signs partnership with Maguay, one of the biggest server and storage suppliers in Europe

Romanian Blockchain company Swazm has signed a partnership with Maguay, one of the biggest server and storage suppliers in Europe. The objective of the partnership is to expand the Swazm blockchain network by u

 Read Full article »
Deloitte research: Learning, employee experience and leadership, the main topics on human capital agenda in Romania

Continuous learning for skills development, leadership development and improving the employee experience are the most important and urgent among the trends identified by Deloitte 2019 Global Human Capital Trend

 Read Full article »
Oracle: Shifting toward a whole-enterprise cloud

Cloud technology and its adoption have been transformative for nearly every business, industry, and product. From running applications that are always-on and available, to limitless infrastructure scalability,

 Read Full article »
CBRE takes charge of the operations of NEPI Rockcastle's office portfolio in Bucharest

CBRE, the world and local market leader in real estate consultancy, was mandated with the property management of NEPI Rockcastle's office portfolio in Bucharest, consisting of three emblematical buildings: Flo

 Read Full article »
KPMG launches an application enabling real-time feedback of employees and managers

KPMG launches an application enabling real-time feedback of employees and managers

 Read Full article »
ABSL GALA AWARDS celebrated its winners last evening at Bucharest

As the voice of the business services, ABSL has created the ABSL Awards with the purpose of recognizing the most innovative, impactful and valuable projects and initiatives of the business services industry ove

 Read Full article »
Medium-sized companies relocate from class B to class A-offices in Timisoara

The office market in Timisoara witnesses a new trend: the relocation of companies from class B spaces to class A and the increase in attractiveness of modern office projects for firms with less than 50 employee

 Read Full article »
PropTech Romania organizes a hackathon in Bucharest, dedicated to real estate industry

Proptech Romania, the first Romanian innovation platform dedicated to the real estate market announced it is organizing the first European Real Estate Hackathon, in Bucharest, on the 12-13 April, an event that

 Read Full article »
AROBS Transilvania Software acquires HR software provider UCMS Group Romania

AROBS Transilvania Software, a specialized provider of outsourced business solutions based in Romania, is to acquire human resources management business, UCMS Romania from TMF Group, on DATE, subject to regulat

 Read Full article »
 
 
 
MOST READ ARTICLES
» Huawei opens a centre on cyber securit...
» Romania ranks above EU average in gend...
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» Bucharest, in the top of cities in Eur...
» Meet the experts who will decide the w...
» Bogdan Pelinescu, president of ABSL: A...
» Berg Software Romania: Reasons to outs...
» KPMG launches an application enabling ...
» ABSL GALA AWARDS celebrated its winner...
» George Rotariu, CEO Bitcoin Romania: B...
 
EDITOR CHOICE
Meet the speakers at Romanian Business Services Forum 2019 CEO LEADERS DEBATE, on May 7th - Matthieu Pasquier

Matthieu Pasquier is CEO of Societe Generale European Business Services since August 2018 bringing more than 27 years experience in Societe Generale group. During 2014-2018, Matthieu was Head of SG GSC Chennai

 Read Full article »
Sorin Mindrutescu among the speakers at Romanian Business Services Forum 2019 CEO LEADERS DEBATE, on May 7th

Sorin Mindrutescu is the Country Leader for Oracle Romania, as of February 2003. In this role, he is responsible for local sales and project delivery. In Romania, Oracle has two major business directions: the l

 Read Full article »
Meet the speakers at Romanian Business Services Forum 2019 CEO LEADERS DEBATE, on May 7th - Vivek Bakshi

Vivek Bakshi is the General Manager of Wipro Technologies. He has spent 12 years heading the International Locations / Delivery Centers Europe from the Bucharest office.

 Read Full article »
Meet the finalists of the fifth edition of Romanian Business Services Awards 2019

ROMANIAN BUSINESS SERVICES FORUM & AWARDS 2019, in its fifth year, brings on May 7, in Bucharest, a new concept event with engaging keynote sessions by industry leaders, interactive panel discussions, networkin

 Read Full article »
Meet the experts who will decide the winners of 2019 at Romanian Business Services Forum & Awards

Each year, Outsourcing Today brings a landmark edition of the Romanian Outsourcing and Shared Services Summit and this year, we are hosting the Fifth of the annual Romanian Outsourcing and Shared Services Award

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area | GDPR policy
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events