Clothing company LPP SA, owner of brands such as Reserved, Tallinder, Mohito, House, Crops and Sinsay, decided to move into the Waterside building in Gdansk by leasing an office of more than 1,000 sqm. Knight Frank, acted as sole agent on behalf of the property’s owner, the Deka Immobilien fund.

Skanska has laid the cornerstone for its third Kraków office project, High5ive. In the first phase of the project two buildings will be constructed by Q4 2017 with a GLA of 23,500 sqm. Upon completion the entire complex will offer 70,000 sqm of leasable space. 

Futureal Group has successfully refinanced its Corvin Corner office building by signing a credit agreement with Erste Bank Hungary for €10.2 million

BP has announced that it will be opening a new Global Business Services (GBS) centre in Szeged, Hungary, employing up to 500 people (subject to consultation) there by 2020. 

Altium, an Australian owned international IT company, will launch its first office in Poland. The company has selected Silesia Business Park office complex in Katowice for its Poland-based operations. Altium has leased nearly 770 sqm of office space in the complex developed by Skanska Property Poland.

Ericsson’s new Hungarian headquarters are being built on a site overlooking the Danube by Wing Zrt. This investment is the first phase of the Hungarian Nobel Prize Winners Research & Development Park. The building, which has a total area of 24,000 square meters, will house the company’s largest research and development facility outside Sweden. The building will be constructed to the strict standards of the LEED Gold environmental awareness rating. 

The newly refurbished Buda Loft Offices has welcomed its first tenant, TransferWise. The building opened its doors officially in July, and offers 5 floors with an approximate total of 2,500 sqm for lease. Colliers International Hungary has been appointed as the exclusive leasing agent.

Tristan Capital Partners, a pan-European real estate investment fund, has announced three new lease agreements in their recently refurbished Praha City Center office building. The new tenants are leasing a combined 3,000 square metres of the 16,000 square metre property.

According to the latest report by Colliers International, during the first half of 2016, some 12,000 square metres of modern office space were completed in Prague. An additional 20,300 square metres is expected to follow during the second half, which will lead to 2016 being the “leanest” year in terms of development completions since 1992, with a total of only 32,300 square metres of completed offices.

At the end of H1 2016, Poland’s office stock totalled 8.7 million sqm. Warsaw remains the largest office market with Kraków, Wrocław and Tricity becoming major regional office hubs. Nearly 572,000 sqm of modern office space was delivered onto the Polish market in H1 2016, setting a new semi-annual record. Cushman & Wakefield its newest report, Property Times: Office Market In A Growth Phase.