In the CEE region, Prague placed second in terms of the price of fitting out an office. With €1,159 being the average cost per square metre in Prague, it is just over half of what is standard in top cities in Germany or the UK, where costs often exceed €2,000. Compared with the last year, the prices have grown all over Europe due to inflation and other factors. The 10% increase in Prague means that office occupiers need to carefully consider their office usage and space needs when redesigning their offices. Sustainability and DE&I are also increasingly affecting fit-out requirements, reports Cushman & Wakefield in their latest analysis.

Panattoni has begun construction of a new park in the region of Greater Poland capital: Panattoni Park Poznań East II will be located near the A2 motorway and will comprise 37,000 sqm. The first tenant will be logistics operator GEODIS, occupying 8500 sqm.

At the beginning of the pandemic, it seemed that many coworking centres or serviced offices could not survive the measures implemented under the Covid-19 pandemic. Shared workspaces, whose philosophy is based on meeting, personal communication, and collaboration, were hit hard by governmental restrictions. But a December analysis by JLL shows promising results; with the retreat of anti-pandemic measures, most coworking and serviced office operators have already felt a new wave of interest, and 2022 has confirmed this trend.

Property group NEPI Rockcastle has raised the equivalent of €143 million equity from its latest scrip dividend, corresponding to approximately 85% of the final dividend payment for 2022, while also completing a secured green financing of €200 million for a 5-year term with Erste Group Bank and Raiffeisen Bank.

Maciej Runkiewicz, CEO of Kajima Poland has talked to Property Forum about the current challenges on the Polish construction market, new supply chains and ESG's impact on the warehousing sector.

Romanian real estate holding Meta Estate Trust has launched its own sales division under the Meta Homes brand in a bid to boost the promotion of its portfolio. The new division will also also handle the sale of residential units bought by the holding in the early phase projects. 

Bulgarian Real Estate Fund (BREF) officially opened the Synergy Tower business building in Sofia, economy.bg reports. The investment is around €40 million. The first tenants of the building are Robert Bosch Bulgaria, Software AG, and INSAIT (Institute for Computer Science, Artificial Intelligence and Technology).

Českomoravská nemovitostní (ČMN), which is half owner of the Churchill Square office complex in Prague, plans to acquire the rest of the property. It plans to buy the property in two transactions, Seznamzpravy.cz reports.

The first building of the Nowa Strzegomska complex in Wrocław has received the BREEAM certificate with an Excellent rating. The redevelopment of Wrocław Business Park in Strzegomska Street will see the existing buildings replaced by five class A office buildings with an area of 10,000-15,000 sqm each. Cushman & Wakefield is the leasing agent for Nowa Strzegomska.

Vlad Stanislav has been named Managing Director of JLL in Romania, replacing Silviana Petre-Badea who held the position for the past seven years. He has over 22 years’ of experience in management and had previously held the role of Managing Director of Tetris Design & Build.