The purchase was confirmed by a company representative in a LinkedIn post.
“This boutique space, with its distinct personality, is a great addition to our portfolio,” wrote Narcisa Pătrulescu, Head of Real Estate Investments at Pavăl Holding.
The building has a leasable area of around 8,000 sqm, distributed on the ground floor and seven floors above ground. The building also provides 100 parking spaces located in two underground floors.
Total demand for office leasing in Bucharest dropped by 25% to 236,000 sqm in Q3 compared to the same period of 2023, while new demand fell 11% to 82,000 sqm in the same interval due to the slowdown of the IT&C sector, according to a Colliers report.
Evo Properties has announced the reconversion of the London and Oslo office buildings in Bucharest into a multifunctional hub.
Romanian industrial developer Global Vision has launched a new technology and innovation division, with a strategic aim of implementing custom AI solutions across its portfolio of real estate and green energy projects.
iO Partners, a JLL Preferred Partner, has teamed up with Bright Spaces proptech to provide its clients with a 3D space planning tool.
Contract renewals accounted for approximately 50% of office transactions in Bucharest during H1 2024, while the total demand fell to around 160,000 sqm, according to a Colliers report.
Romanian investor and developer River Development has announced its rebranding as Sema Real Estate, with all current and new projects to be reunited under this umbrella.
The World Bank projects that economic growth in the Europe and Central Asia region will decelerate in the coming years, while Romania will stay on a growth path.
Wolt, the Helsinki-based technology company, is set to officially launch operations on the Romanian market this May.
TeraPlast has announced the completion of its acquisition of a 51% stake in Aquatica Experience Group (AEG) in a deal worth €2 million.
DVI Production, the owner of the Fortem brand, a manufacturer of linear masonry elements, is opening a new factory in Iernut, Mureș County, which will have the largest production capacity in Europe.
During Q1 2025, the Brașov-Ghimbav International Airport saw a total of 56,897 passengers, more than double the figure for the same period in 2024.
