TCN Worldwide Real Estate Services

New offices of over 255,000 sq m GLA were delivered last year at national level, with top locations being Bucharest (150,000 sq m GLA) and Timisoara (53,000 sq m GLA). Major deliveries included Orhideea Towers, Globalworth Campus (building 2) and the first phase of Campus 6 in Bucharest, respectively new buildings as part of Coresi Brasov, Bega Business Park Timisoara, Isho Timisoara and United Business Center Riviera in Cluj-Napoca.

The total value of office deliveries is estimated at 504 million Euro, with an average rent that varies in between 11-15 Euro/sq m/month and an average yield of 7.5-8.5%.

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