According to the latest report published by Newmark Polska, in 2024, leasing activity on the Warsaw office market continued at a steady level, while developers required significant pre-lets before commencing new projects, which led to a moderate office development pipeline. At the same time, the vacancy rate declined steadily, resulting in shrinking office availability. This trend is expected to persist into 2025.

TVH, a supplier of parts and accessories for material handling, industrial, construction and agricultural machines, has leased nearly 17,000 sqm of modern space at Prologis Park Ruda Śląska in Silesia region of southern Poland. Cushman & Wakefield provided assistance during the choice of location, negotiations and lease strategy development.

B+N Group has recently announced a significant acquisition, enabling the Hungarian-owned company group to enter the market of Europe’s largest economy. Following the integration of the KÖBERL Group in Germany, the company specializing in facility management and cleaning will operate in nine countries, serving both private-sector actors and major public-sector clients. The company’s international expansion has particularly accelerated in recent years, partly due to increased disinfection standards during the COVID-19 pandemic. Property Forum talked to Ferenc Kis-Szölgyémi, CEO and owner of B+N Referencia Zrt., about current trends, industry developments, labour shortages, robotization, and more.

Even though the volume of commercial real estate delivered to the market in 2024 was below average, the Czech market did not freeze and maintained its activity. This was mainly thanks to the Czech capital, according to Colliers' experts, and this trend will continue in 2025.

The penultimate unit at ARETE Park Rokycany I has been completed and handed over to its new tenant, the local subsidiary of the French company Hutchinson. 

Total office demand in Budapest rose by 8% year-on-year to 502,150 sqm during 2024, according to data from the Budapest Research Forum (BRF). 

Bratislava's residential market has recorded the strongest quarter since the pandemic period. Sales in Bratislava have grown for the fifth quarter in a row, according to the report prepared by BuiltMind in collaboration with Cushman & Wakefield.

For Ghelamco, 2024 was marked by the sale of the Warsaw UNIT office building. The developer also commissioned and fully commercialized Warsaw’s VIBE office building, announced new real estate projects in the capital and Gdynia, and reported satisfactory sales results in the residential segment. For this year, Ghelamco has announced more office and residential developments, as well as completion of its flagship project in Warsaw: the 174-meter skyscraper The Bridge in the city centre. 

pbb Deutsche Pfandbriefbank (pbb) has underwritten an investment facility for a retail portfolio in Poland for Pine Bridge Benson Elliot. The portfolio consists of three shopping centres in Łódź, Toruń and Kraków in Poland. 

Geosan Development has received building permission for its new housing project Benkova Residence in Chodov, Prague. The boutique project includes two villas.