Evo Properties mixed-use project in Bucharest to host 4-star hotel

Business Forum
Evo Properties, the owner of London & Oslo office buildings in Western Bucharest, has reached a 50% lease rate this year and aims to reach an occupancy rate of 85% by the end of 2025. At the same time, it continues to transform the project into a mixed-use hub that will include a premium hotel.

The new 4-star hotel is planned to open by the end of 2025. The landlord did not mention the brand or the management agreement for the hotel.

Evo Properties is investing over €10 million in the reconversion of the office buildings that have a leasable area of 31,524 sqm.

By the end of 2025, over 31,000 sqm will be reallocated according to the new functionalities, of which around 50%-60% of the leasable area will be dedicated to offices, 20-25% will host hospitality services and 10-15% will be allocated to medical and well-being services.

IT services provider IT HIT, engineering firm Endress+Hauser Romania and medical company Stryker have been among the first tenants attracted by Evo Properties in the project. 

“We are excited to transform these iconic buildings into a vibrant and dynamic ecosystem where people can work, relax, and connect,” says Anamaria Crețu, Leasing Director of Evo Properties.

The project also hosts a cultural centre, while a new coffee shop is slated to open at the end of 2024.

RECOMMENDED
Griffes secures 6,000 sqm lease in Bucharests Unirii View
Real estate

Griffes secures 6,000 sqm lease in Bucharest's Unirii View

Griffes has leased 6,000 sqm of office space in Unirii View, one of Bucharest's Class A office buildings. Of the total space leased, 2,000 sqm represents new tenants, while three existing tenants expanded their operations.

Finance displaces tech in Bucharest office demand
Real estate

Finance displaces tech in Bucharest office demand

After a period dominated by the tech sector, H1 2025 saw a notable surge in interest from the financial-banking sector in the Bucharest office leasing market, according to data by Crosspoint Real Estate.

Bucharest office leasing reaches lowest point in four years
Real estate

Bucharest office leasing reaches lowest point in four years

Office leasing in Bucharest reached its lowest point in four years during H1 2025, according to Colliers consultants. Total leasing transactions exceeded 100,000 sqm, representing a more than one-third decrease compared to the same period last year.

Market beat: How large office tenants gain leverage in Bucharest
Real estate

Market beat: How large office tenants gain leverage in Bucharest

Lavinia Ioniță Rasmussen, Real Estate Partner at Nestor Nestor Diculescu Kingston Petersen (NNDKP), talked to Property Forum about the firm's growing portfolio in industrial and renewable energy, but also about the new EU rules that will boost investments in green buildings.

Bucharest office leasing down 20% in 2024
Real estate

Bucharest office leasing down 20% in 2024

Bucharest recorded a 20% decline in office leasing, to 339,000 sqm, in 2024, compared to the previous year, although it remained above the five-year average, according to a Colliers report.

RECOMMENDED FROM THE HOME PAGE
Electro-Alfa plans IPO on BVB
Finance

Electro-Alfa plans IPO on BVB

Electro-Alfa International, a Romanian electrical equipment manufacturer, has announced plans for an Initial Public Offering (IPO) on the Bucharest Stock Exchange (BVB).

Industry

Life sciences M&A surges 81% as big pharma hunts for growth, says EY

Global life sciences M&A activity increased by 81% in 2025 to $240 billion, driven by Big Pharma's large-scale deals, despite fewer overall transactions. The surge reflects companies prioritising innovations ready for launch as they face widening growth gaps.

Finance

Romania launches first 2026 Fidelis bond IPO on stock exchange

Romania's Ministry of Finance will conduct its first public offering of Fidelis government bonds for 2026 between January 16 and 23 on the Bucharest Stock Exchange. This marks the 32nd offering since the Fidelis program resumed in July 2020.

READ MORE
Business Forum  |  16 January, 2026 at 5:00 PM
Business Forum  |  16 January, 2026 at 4:13 PM