about us | newsletter | contact | archive | members area
Corina Popescu, Transelectrica
High need for quality improvement in the public tenders area»

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).

There are 0 comments:

Validation Code

0 Comments  |  5576 Views
Daily Info
Romania has the lowest cost for arable land in Europe, says Eurostat

Arable land was the cheapest in Romania out of all member states, with a hectare costing an average 1,958 Euro in 2016, according to Eurostat, the statistics office of the EU....

CFR Calatori appoints Leon Barbulescu as general manager

Leon Barbulescu has been appointed general director of CFR Calatori, replacing Iosif Szentes, according to the sources from the railway field.

Deliveries of retail space to reach 200,000 sqm in 2018 outside Bucharest

Deliveries of retail spaces will reach the level of 200,000 square meters, new projects and extensions being scheduled in ten medium and large cities in the country, while in ...

AFI Europe Romania increased its net operating income by ten per cent to over 51 million Euro during 2017

AFI Europe Romania published its financial results. The Net Operating Income (NOI) from its income producing assets in Romania reached to over 51 million Euro in 2017, represe...

BRD to pay highest dividends in bank's history

BRD Groupe Societe General, the third-biggest lender in Romania, proposes a gross dividend per share of 1.64 RON from last year's net profit, the highest in the bank's history...





More on News
President Iohannis meeting Juncker and Tusk in Brussels, modifications in Romanian justice among topics

President Klaus Iohannis is to meet on Wednesday, in Brussels, with President of the European Commission Jean-Claude Juncker and with President of the European Council Dona...

1 Comment

Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel ...

President Iohannis: The Romanian society is mature and active and needs a state to match it

President Klaus Iohannis stated, on the occasion of the annual meeting with the heads of diplomatic missions accredited in Bucharest, that the Romanian society is a mature ...


Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot ...

1 Comment

PM-designate Dancila: "It's important to implement governing programme"

Prime Minister-designate Viorica Dancila stated that it's important to put into practice the governing programme, but also 2018- the Centennial Year and prepare to take ove...

1 Comment

Iohannis: Romania's progress bound to stable legislation able to punish abuses

Romania's progress is inseparably bound to a coherent, stable legislation able to punish abuses and dishonesty, said President Klaus Iohannis, pointing out that the governm...


Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Ro...