JLL has provided space for 2 new branches of the international provider of co-working offices Spaces. In November this year, Spaces open in the low-energy building Nile House in Karlín, where they will occupy more than 3,500 sqm. One month later, they will take over 3,300 sqm in the SmíchOFF office building in Prague 5. At the same time, Spaces announced its first location in Hungary. The co-working operator will move into GTC White House in Budapest in Q4 2019. CBRE acted as adviser to the deal.

Local developer Biggeorge Property has unveiled plans for a new city centre development in Budapest’s Óbuda district. The 5 ha project would include 1400 apartments and 10,000 sqm of commercial space upon completion. Handover of the first phase with 257 apartments in three buildings is scheduled for 2010.

Penta Real Estate has sold the 80,000 sqm office component of the Waltrovka complex in Jinonice, Prague 5 to Munich-based real estate fund manager GLL Real Estate Partners (GLL), a member of Macquarie Group, acting together with LB Asset Management on behalf of South Korean investor Hanwha Investment & Securities in a transaction worth over €250 million.

Atenor has signed an agreement, relating to the acquisition of more plots in the third district of Budapest, totalling an area of approximatively 5,000 sqm. This site is located 400 meters from Kolosy Square.

Brickblock, a technical service provider based in Berlin, has tokenised a residential real estate vehicle carrying a property in Wiesbaden, Germany. It is the first transaction in the EU for which shares are represented on the blockchain. The sale of the €2 million property was exclusive to eligible investors.

Cushman & Wakefield Echinox has been appointed to manage the Ethos office building, situated in the Floreasca area of Bucharest. This is the second mandate for the management of an office building by C&W Echinox in 2019.

Companies from the BPO/SSC industry in Kraków and the Tri-City recorded the highest share for demand in the office sector. JLL summarized the activities of companies from the business services sector on the major office markets in Poland.

Panattoni Europe announced the development of Panattoni Park Opole. The project, with the scheduled area of nearly 48,600 sqm, will be developed within the city limits and will be dedicated to multiple tenants. The launch of construction is scheduled for Q2 2019.

Prologis has begun a build-to-suit project totalling 9,817 sqm at Prologis Park Prague-Airport for CERVA GROUP a.s., a leading Czech producer of protective personal equipment and workwear.

In 2018 Globalworth registered an increase of 36% in portfolio value compared to 2017, reaching €2.5 billion, split 51% in Romania and 49% in Poland. Also, during last year, the gross leasable area of the company’s combined portfolio grew with over 250,000 sqm to 1 million sqm. Following the dynamic expansion in Poland and the new developments in Romania, Globalworth’s net operating income (NOI) noted an impressive increase by over 160% and exceeded €133 million.