ARTICLES LABELLED WITH TAG office

It is anticipated that the market will experience the transition from being perceived as a problem to an opportunity for many investors and funds in 2024. CBRE summarised this year's developments in the Czech commercial real estate market and provided an outlook for 2024. 

Logistics developer CTP has built a new coworking centre named "Clubco' in the IQ Ostrava complex on Náměstí Republiky where the company Tietoevry was previously located. The premises are suitable for small and medium-sized companies, as well as corporations or freelancers. Up to 130 people can work together in 1,512 sqm of office space.

Penta Real Estate has begun construction works on a new office building in Bratislava‘s Chalupkova zone at the beginning of December, ASB reports.

Some of the largest cities in Romania, including the capital, have some of the newest office stocks in CEE that have certifications, according to CBRE research.

Office real estate in Poland, as in the entire CEE region, is trying to forge a new identity for itself in the new times of hybrid work and lower demand. Participants in the panel on the future of offices at Future of Real Estate 2023 discussed how this process is taking place. The event was organised by Property Forum and RICS in Warsaw.

Penta Real Estate is selling the fully occupied coworking centre "Base", which is part of the Churchill office complex in Prague 2, to Scott.Weber Workspace, a company continuing its expansion in the Prague flexible office market. Neither party would comment on the size of the deal, online daily newstream.cz reports.

S Immo successfully concluded the disposal of the Eurocenter office building in Zagreb, Croatia. In addition to offices, the Eurocenter also includes a bank branch and a café and has a gross lettable area of around 9,000 sqm. The transaction of the centrally located and well communicated mixed use office building with an asset value of €26.5 million to buyer Atlantic Grupa d.d. was carried out by way of a share deal.

Technology is capable of extending offices’ lifespans and reducing the necessity for extensive renovations. However, due to economic and geopolitical events, investors are more restrained, Colliers reports.

Justyna Filipczak, Head of CEE at Cromwell Property Group, talked to Property Forum about the current investment trends, the attractiveness of retail and office properties and the company`s ESG agenda.

Romanian developer HILS Development has announced the launch of a new mixed-use scheme in Bucharest that will include residential, office and retail components that will cover 180,000 sqm.