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
Veeam marks record growth in 2018 to almost 1 billion Euro worth turnover

VeeamSoftware, the leader in intelligent data management for Hyper-Available Enterprise , marks the 39th consecutive quarter of growth , 21 per cent more than last year. Overall, the financial performance for 2

 Read Full article »
Atos ranked in Top Five for Managed Security Services, Worldwide by Gartner

Atos, a global leader in digital transformation today announces that it has been ranked amongst the top 5 global players in Managed Security Services (MSS) in terms of 2017 market share revenue, according to th

 Read Full article »
Endava has been selected as an official AWS Well-Architected partner

Further strengthening its partnership with Amazon Web Services, Endava reinforces its Cloud services expertise and capabilities becoming an AWS Well-Architected Partner, the company announced.

 Read Full article »
Smartree Romania has a new operational director

Smartree Romania, providing HR services on the Romanian market names Anamaria Borza as the new operational director of the company, effective July, 1 this year. The new manager of Smartree team occupied the pos

 Read Full article »
ABSL Romania: Sibiu, a continuously evolving market, with great potential

Sibiu is a market with huge potential and constantly expanding, is one of the conclusions from "Outsourcing in 2018. Best Practices in Technology Adoption" conference, which was dedicated to the local business

 Read Full article »
Accenture assigns 200 mln. US dollars to digital age-focused education, training and skills initiatives in the next 3 years

Supporting its vision to improve the way the world works and lives, Accenture (NYSE: ACN) is committing more than 200 million US dollars over the next three years to help equip people around the world with job

 Read Full article »
Oracle: Customer connection missing as manufacturers yet to produce rewards from industry 4.0

Research of global manufacturers developed by Oracle with research company Coleman Parkes shows initial Industry 4.0 focus has been on internal changes rather than removing supplier, distributor and customer si

 Read Full article »
Nine solutions for smart cities delivered at Code4Cluj hackathon of Endava

The Code4Cluj hackathon organized by Endava at Cluj-Napoca between 18-20th of May generated 9 innovative projects meant to solve the problems faced by the community and citizens of Cluj.

 Read Full article »
Zitec's digital marketing division registered an increase of over 40 per cent last year

Zitec, a major provider of business solutions, digital services and personalized technology products in Romania, announced it registered an increase of over 40 per cent in the digital marketing segment in 2017,

 Read Full article »
Fab Lab Iasi issues the Report on Coworking in Central and Eastern Europe

This report was conducted by the PIN Maps teams (Iasi's modern office map, an impact initiative for the IT & Outsourcing industry) and Fab Lab Iasi (a 700 sqm coworking space, opened in 2017).

 Read Full article »
 
 
MOST READ ARTICLES
» Committed to growth
» The Outsourcing industry announces its...
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» Zitec's digital marketing division reg...
» PwC: The competitive advantages of Rom...
» Luxoft expands Asia Pacific presence w...
» EXCLUSIVE: ABSL Timisoara - BPO and SS...
» How giving back pays dividends for com...
» Olga Botusan, Stefanini: There is a hu...
» Societe Generale-European Business Ser...
 
EDITOR CHOICE
Andrei Romanescu CEO, VEEAM, on the importance of people skills and leadership forming

Within the recently ended OT Learning & Development roundtable edition, Andrei Romanescu CEO, VEEAM stated that he trends of the current and following years underline the importance of people skills and leaders

 Read Full article »
OT Learning & Development: About capitalizing on self-willingness to reach performance

How to succeed in reaching the young and the valuable employees and wining their hearts and minds, so they will forever be committed to gain knowledge, evolve in profession and build a strong career inside the

 Read Full article »
OT Learning & Development now, about digital transformation, facilitating a culture of change and innovation

Some trends are here to stay, while some other may not. How about gamification, chatbots, microlearning, data analytics, mobile learning, augmented reality and others? Today's edition of OT Learning & Developme

 Read Full article »
The need of the industry to stay effective and relevant

In the current context of machinery and AI helping on operational processes of a company, with extended applicability in terms of capabilities, the digital context in which professionals, organizations and busi

 Read Full article »
We meet again at OT Learning & Development on June 7th

The Second Edition of OT Learning & Development roundtable will be held on June 7, 2018 at InterContinental Hotel Bucharest. The event brings together the business services professionals to discuss and discover

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