about us | newsletter | contact | archive | members area
AURELIA COSTACHE, EY
There have been initiatives in the industry to pilot the leverage upon digital informati»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Immofinanz leased over 80,000 sqm of its Bucharest office portfolio last year

Immofinanz, one of the leading real estate investors in Romania, has leased over 80,000 sqm of its Bucharest office portfolio in the abbreviated financial year 2016, the equivalent of 10,000 sqm per month in the May-December 2016 period, a press release shows.

2017-02-28 14:59:35

This equals to more than 40 per cent of the overall standing office portfolio. Approximately 60 per cent of the surface is comprised of lease deals with new tenants and further extensions, while numerous agreements have been prolonged.

"We had set very ambitious objectives for the past financial year, and still, our results in Romania exceeded our expectations," said Sorin Visoianu, country manager operations Romania at Immofinanz. "It is also remarkable to note that, of the total leased area in Bucharest last year, a record-level reported by market figures, about one in five tenants chose Immofinanz properties."

In May-December 2016, Immofinanz signed lease agreements with new tenants for over 47,000 sqm of office space. Among the most significant deals were those for the first building of the Metroffice complex, of which over half is now occupied. American company Harman, designing and engineering connected products and solutions for automakers, consumers and enterprises worldwide, signed a lease agreement for 7,700 sqm in Metroffice, for a period of over ten years.

Other new agreements have been signed with important companies from a wide range of sectors: media (Ringier, with 2,400 sqm in Iride Business Park and Sinevizyon, with 2,000 sqm in Pipera Warehouse), retail (Kaufland, with over 2,000 sqm in Pipera Warehouse) and office-shared services (Regus, with 1,500 sqm in Iride Business Park).



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  1764 Views
Daily Info
Sibiu and Timisoara, top priorities for investors in Romania

Sibiu and Timisoara are top priorities for investors who are interested to come to Romania, as revealed by the fifth edition of Cities of Tomorrow conference, organized by the...

Gas prices liberalization in Romania to start in April

The Minister of Energy announced that the prices for domestic gas will go through a liberalization process starting April 1, with no technical reasons to postpone it, as Minis...

Toyota recalls 2.9 million vehicles globally over airbags issues

Toyota Motor Corp said it was recalling a total of about 2.9 million vehicles in Japan, China, Oceania and other regions including its Corolla Axio sedan and RAV4 SUV crossove...

Romania to develop economic component of the strategic partnership with US

Prime Minister Sorin Grindeanu and the Cabinet members had a meeting with the members of the fifth annual economic mission in Romania of the American-Romanian Business Council...

Debate on digital economy at Cluj Innovation Days 2017

About 40 specialists in various domains of digital economy debate its future at Cluj Innovation Days 2017. For two days, on March 30 and 31, the regional forum will be the epi...

 
 
   
advertising

advertising

advertising

advertising

advertising

advertising

More on News
Energy Performance Contracting for public buildings

The Romanian Association for Promoting Energy Efficiency (ARPEE), established in 2012, has as overall scope the mobilization of its members’ resources and competences to ...

Iohannis: PSD's first concern to deal with criminals' files

President Klaus Iohannis told the Parliament plenary session on Tuesday that the ruling party, PSD (Social Democratic Party), after winning general election, has had a "sui...

Iohannis: Enough arguments for Government to withdraw pardon and criminal codes amendment drafts

President Klaus Iohannis maintains that there are enough arguments to determine the Government to withdraw the drafts referring to pardon and the amendment of the criminal ...

Iohannis: Budget approach lacks needed responsibility in security context

President Klaus Iohannis sent a letter to Prime Minister Sorin Grindeanu drawing the attention that the approach on the budget construction doesn't prove the responsibility...

Iohannis: Justice independence seriously breached; we must take attitude; first step - CCR notification

Justice independence has been seriously breached by the Government by adopting the Government Emergency Ordinance (GEO) for the modification of the criminal codes, Presiden...

Dragnea: Nobody in Romania stands to gain from protest escalation

Calm and stability are what is most important to Romania, leader of the Social Democratic Party Liviu Dragnea said on Sunday night, adding that nobody in the country stands...

NATO to spend three billion Euro on cyber defence

NATO plans to spend three billion Euro to upgrade its satellite and computer technology over the next three years as the Western military alliance adapts to new threats, a ...