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Workplaces, keeping up with the times

For a company, being people-centric is a way of doing business and engaging employees in the company's operations and strategies in a way that provides a positive employment experience before and after the selling offer, in order to drive responsibility, engagement, loyalty and retention. And a people-centric company is more than a company that offers good service for its professionals.

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Technology, Mobility and Wellness make for the perfect workplace

The technology binge is pushing ahead the communities, businesses and all aspects related to work and workplaces in such a fast manner that we haven't noticed since the very booming of the office market. And as technology is created by people for people, the discussion around the workplaces is naturally and closely linked to people.

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The offices need to be social, open, smart

In the future of office space, people will be charmed through countless amenities to nurture more and more the need to connect to each other. As George Didoiu, Director Tenant Services at Colliers International told Outsourcing Today, in that kind of office, someone should feel instantly able to interact with another.

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Synergy of skills

There are over 250.000 employees only in the class A and B office buildings in Bucharest and around one million employees spread around the city. How does the office market cope with the need of companies to accommodate the necessary pool of workforce and what are the benefits of working here or there, is one of the question Outsourcing Today addressed some experienced real estate consultants as well as large offices developers.

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IT&C companies are the first for renting new office space

The IT&C sector ranks first in the top of fields renting new office space in 2017, study of ESOP I Corfac International consulting company says.

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Why AFI Tech Park is the best value for money office project in Bucharest(P)

Based on the insight that location is a strong criteria employees take into consideration when choosing their workplace, AFI Europe Romania is currently developing AFI Tech Park, the newest office destination in Bucharest, in the area of 13 Septembrie and Tudor Vladimirescu Boulevards, developed under the motto "Time is money, don't spend it in traffic! "

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TELUS International Europe awarded Most Innovative Office in Romania

On November 10th, 2016, CBRE, in partnership with Skanska, announced the winners of The Most Office competition in Bucharest.

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DTZ: Office demand outside Bucharest to reach highest-ever volume

In 2015 the volume of pre-leasing in the main regional cities was three times higher than the previous year, states a new release from DTZ Echinox.

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JLL: Demand of Bucharest offices, mainly driven up by BPS and ITO in Q2

The office demand in Bucharest in the second quarter of 2016 was mainly generated by IT and BPO / SSC companies, which accounted for over 40% of the total volume registered, followed by banks with approximately 21% and health and pharma companies with 17%, says the most recent JLL report.

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Romanian real estate investments up 80% in the first half

Bucharest leads the local market with 48% of investment transactions, followed by Sibiu with 29%, says a JLL report.

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Hanner puts tens of millions into the Bucharest offices, after 60 mil. Euro in residential

Lithuanians from Hanner Holding, the real estate investor known in Romania for the development of The Park residential project, expands to the office segment by acquiring part of the land plot of the former Grivița Beer Factory, in center-west Bucharest.

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Telus expands to AFI Park 4&5, AFI Tech underway

AFI Europe Romania has leased an extra 3,000 sqm of space to Telus International in AFI Park 4&5 office buildings, thus reaching a 70% occupancy rate. Telus International already occupies 5 floors in AFI Park 3. AFI also announces the development of a new 50,000 sqm TECH Park.

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Vastint ups to 70,000 sqm Class A projects under construction in Bucharest

Vastint Romania is starting the construction process for all three buildings in Business Garden Bucharest, totaling about 41,000 sqm of modern, class A office space and ground floor areas for retail. PORR Construct is the general contractor of the project and commissioning is planned for the second half of 2018.

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CBRE and Skanska launch a new contest for Romanian offices

CBRE's office division launches the first contest held in Romania, says Razvan Iorgu, managing director of the company. The CBRE's initiative, implemented in partnership with Skanska, one of the leading builders and developers in the world, aims to discover, promote and reward the most beautiful office in Bucharest.

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RE/MAX GdL: The real estate market in Cluj-Napoca exceeds 1 billion euros

RE/MAX Grup de Lux, one of the first franchises RE/ MAX in Romania in Cluj-Napoca, estimates that the housing market Cluj will reach this year a value of over 1 billion euros if taken into account all categories of transactions.

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Colliers: Premium Point and Premium Plaza acquired by Global Trade Center

Global Trade Center acquired Premium Point and Premium Plaza office buildings in Victoriei Square, in Bucharest. The transaction was advised by Colliers International as representative of the seller.

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Exclusive OT: Vastint invests big into Bucharest's real estate

Inter Ikea's real estate asset division invested since 2008 in the development of almost 200,000 sqm of offices, retail and residential spaces in Bucharest, now in various development stages. And this year it bought another 48 hectares of land in Bucharest's north-eastern area to add to its projects, says Antoniu Panait, managing director, Vastint Romania.

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Birouri Vii: A space for people, a project for the IT & Outsourcing community

Birouri Vii – "A space for people" is launching as a project meant to bring forward the IT & Outsourcing community from North-Eastern Romania through a series of video-interviews taken within different company offices, with the very passionate people working there, as well as with those managers for whom creating a friendly and relaxing environment for their employees, is more than important.

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Colliers reports first office sale this year: Phoenix Tower goes to Adamamerica

Aberdeen Asset Management Deutschaland and Commerzbank signed an agreement to sell Phoenix Tower building in Bucharest to Adamamerica, according to a Colliers release.

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Exclusive OT: Even if local financing gets easier, market still lacks liquidity- Furdui, Portland

During the past years, local financing for real estate large projects became easier, but the market still lack a benchmark yield and is marked by lack of liquidity, Florin Furdui, country manager, Portland Trust tells Outsourcing Today.

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Class A and B offices employees up to 200,000 in Bucharest, 20% growth rate- DTZ

The number of employees in the Class A and B office buildings in Bucharest at the end Q4 2015 was of 204,062, according to a DTZ report, while an annual growth rate of 20% is provided for 2016.

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FotoNation leases 1,800 sqm in AFI Park 4&5, occupancy up to 60%

AFI Europe Romania has signed a new lease agreement in the office building AFI Park 4&5 with FotoNation, a TESSERA company, reaching a 60% occupancy rate.

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iQuest expands Brasov offices in Coresi BP Brasov

Global IT services and solutions provider iQuest leased 1,650 sqm in L1, the first building of the second development phase of Coresi Business Park.

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CBRE: CEE real estate investments up 25%, Bucharest and Warsaw at record levels

Investment into Central and Eastern European (CEE) countries (excluding Russia) for 2015 increased by 25% compared to 2014, reaching 9.9 billion euro, says a CBRE report.

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Excusive OT - Paun, Colliers: Outsourcing took about 40% of the 2015 office market

Business processes and IT outsourcing and shared services centers have taken about 40% of the overall offices demand from the overall market in 2015, tells Outsourcing Today the associate director of Colliers International (Romania), Andreea Paun.

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JLL: Large investors dominate the Romanian estate market, lower yields

Real estate large investors such as CTP, JLL, P3, NEPI and Globalworth bought Romanian real estate assets worth over half a billion euros during the past year, according to JLL.

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Colliers: Romania saw 45% of 800 mln. euro RE investments going into offices

While 34% of the real estate investments in Romania were directed towards industrial spaces, and 21% towards retail, it was the office market that witnessed the largest investment flow during 2015, with 45% on the balance, according to a Colliers study.

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JLL: Romania will finish this year projects worth 800 mln. euro

Developers are expected to deliver over 700,000 sqm of new real estate projects in 2016, with a combined investment value of over EUR 800 million. Office buildings will remain in the top of developers' preferences, followed by retail and logistic.

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CBRE: Bucharest will witness a fivefold increase in office space, IT - best lessee

A record area of office space will be delivered in 2016 in Bucharest, according to a CBRE report. In 2016 408,000 sqm of new offices will be delivered, over five times more than the total of 72,500 square meters in 2015 and 10% more than the volume of 2009, which represented a historical record of the local real estate market.

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AFI Europe Pre-Leases 16,000 sqm, with Cameron, SII and Ortec among tenants

Office buildings AFI Park 4 and 5 in Bucharest have reached 50% (16,000 sqm) pre-leasing rate at the beginning of 2016.

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CBRE: Romanian CRE investments down 45%, CEE retail up 160% in 2015

Investment into Central and Eastern European (CEE) countries (excluding Russia) for 2015 reached a historic high level at over Euro 9.55 billion, representing a 19% increase year on year.

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Genpact, Luxoft and Oracle, top lessees for Bucharest offices; 2016 market, up 20%-Esop

The 2016 office rental market may grow by 20-25% compared to 2015, says Alexandru Petrescu, managing partner ESOP Consulting, CORFAC International.

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DTZ: Bucharest office market up 10% at 9 M 2015

The total trading activity in Bucharest was approximately 10% higher in the first nine months (9m) of the year as compared to the same period of last year, says DTZ.

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CBRE: Outsourcing companies expand more and more into towns

Most outsourcing companies are present in Bucharest (47%) and in one of the major regional centers such as Cluj Napoca (12%), Timisoara (8%) and Brasov (7%). With intensifying competition to attract labor, companies tend to expand in towns, like Targu Mures (5%), Galati (3%) or smaller towns such as Suceava and Targu Jiu, reveals a CBRE study.

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Colliers: Outsourcing businesses, prominent pillars of the office sector

Real estate market has gained momentum and transaction volumes will be close to Euro 800 million by the end of the year, encouraged by stable economic environment and growth potential.

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AFI net income up 8% at 9M, Romanian projects valued at 600 mln. euro

The net operating income (NOI) of the Romanian portfolio of AFI Europe Romania increased to euro 30 million, 8.2% higher then the first nine months (9M) of 2014. AFI Palace Cotroceni, the biggest asset, was valued as of 30.09.2015 at euro 434 million.

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CBRE: Romanian outsourcing industry has 310 offices and 0.5 mln. sqm

Business Processes Outsourcing (BPO) and Information Techology Outsourcing (ITO) sectors are the most lucrative segments within the outsourcing business in Romania, each with around 22 – 23,000 employees, throughout the country, states a recent survey by CBRE.

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Romania sees office investments worth 600 mln euro at 9M

Romania posts an investment level of 600 million euro worth of office buildings under construction for the first nine months (9M) of 2015, according to Jones Lang La Salle (JLL).

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JLL: Office market in CEE continues to grow

Approximately 2 million sq m of office stock remain under construction across Central and Eastern Europe. The business services sector with its compound annual growth rate of 17% is one of the major factors generating the expansion of office markets throughout the region, reveals a JLL release.

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Opinion, Dan Zaharia: The office buildings become the new factories of Iasi

The office buildings are becoming the new factories of Iasi, the software and outsourcing factories for the entire community in the city.

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NEWS
CBRE research: The first study on the impact of workplace in the activity of employees

The latest study conducted in Bucharest by CBRE real estate consultancy company focused on the impact of workplace in the activity of employees. The study also underlined the manner a workplace answers to emplo

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KPMG's Property Lending Barometer: Office and retail dominate in Romania

Europe's property markets have seen stable lending activities recently, with a domination on retail and offices transactions in Romania, according to the 9th edition of KPMG's Property Lending Barometer.

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Office market demand in Bucharest reached 220.000 sqm in the first nine months of 2018

The office market demand is estimated to have reached 220.000 sqm in the first nine months of 2018, according to the latest study findings delivered by CBRE.

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Office leasing transactions up to 73.500 sqm in Bucharest in Q3 of 2018

The office market in Bucharest registered a total volume of 75,300 sqm of rental transactions in the third quarter of 2018, of which the new demand was 20,400 sqm. According to Colliers International real est

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Microsoft leased 23.000 sqm offices in Skanska's Campus 6

Microsoft has leased 23,000 square meters of office space and 500 parking spaces in Skanska's Campus 6, in Bucharest, Romania. The start date of the lease is in the third quarter of 2020 and it is estimated to

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Boutique-type office buildings consolidate their segment on the local market

By the end of 2018, eight boutique office buildings with premium locations and facilities have entered the office market in Bucharest, with a total area of 31,949 sqm, according to an analysis delivered by ESOP

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Companies in Bucharest have monthly office occupancy costs between 175 and 500 Euro per employee

The analysis takes into account rental costs, service charges, operational costs (water, electricity, internet, consumables, cleaning, reception), as well as fit-out and furnishing costs, amortized over a five

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Colliers International, designated to obtain WELL certification for Skanska's Campus 6 buildings

Pioneering in the field, Skanska is the first developer to introduce in Romania the WELL Building standard for the newest company's project developed in Bucharest, Campus 6 and its 2 and 3 office buildings, bei

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Co-working segment: CBRE advises Spaces in the opening of its biggest center in Romania

CBRE, the world and local market leader in real estate consultancy, advised on the leasing transaction of 4,100 sqm office space for the largest center to be opened by Spaces in Romania.

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The number of employees in modern office buildings in Bucharest could reach 270,000 by the end of the year

The number of employees in Class A and B office buildings in Bucharest has reached about 253,000 at the end of the first semester of 2018, a slight increase compared to the end of 2017, the real estate consulta

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EDITOR CHOICE
How Tech-ready are companies?

Technology has made it easier and faster than ever to prepare, anticipate, implement, and get the job done for everyone, from the simple technology home user to all levels and departments of a corporation. Howe

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Workplaces, keeping up with the times

For a company, being people-centric is a way of doing business and engaging employees in the company's operations and strategies in a way that provides a positive employment experience before and after the sell

 Read Full article »
Creating a valuable customer experience driven by core values of a company

As HR becomes more and more integrated within the company's long-term strategic business strategies, the digitalization and high-technologies impacting the processes also have to be mirrored at the level of HR

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