The tight labour market is changing the way developers think. While designing an office building they think not only about who will lease space, but also what they should do to make people want to work there, says Artur Sutor, Partner and Head of Office Department at Cresa Poland.

Skanska has sold Buildings C and D of the Silesia Business Park, a four-building office complex in Katowice. The buyer is ISOC Group, a diversified real estate and infrastructure investment group, based in Manila, Philippines. This is Skanska’s first CEE office divestment transaction to a Philippine investor. With the sale of buildings C and D, the developer has now sold all four properties in the Silesia Business Park complex. Buildings A and B were divested in 2015 to a Swedish investor.

Redwood Real Estate Holding has sold its recently delivered Ecodome office building in Budapest. The name of the buyer and the transaction price has not been disclosed.

The Cedet building, located in central Warsaw, has been sold to a fund managed by GLL Real Estate Partners on behalf of Korean investors for €129.5 million. pbb Deutsche Pfandbriefbank provided a credit facility of €75.4 million to the buyer.

On 4 December 2018, Balkans Property Forum 2018, a conference and networking event for real estate professionals from all over Southeastern Europe will be held in Belgrade. Over 100 guests will come together in the Serbian capital to discuss key issues and explore the latest trends influencing the future of the real estate industry. Key speaker of the event, co-organized by Property Forum and RICS, answered questions about the local real estate market.

Futureal Group has sold its portfolio of Corvin office buildings to real estate funds managed by OTP Real Estate Investment Fund Management. The recently closed transaction involves all of the operating office buildings built as part of Corvin Promenade, as well as two currently being constructed. The total of eight Class A buildings offer a combined GLA of nearly 80,000 square meters.

The Radisson Hotel Group announced the signing of a new property to Radisson Collection in Budapest, Hungary. With 71 guest rooms and suites, a first-class fitness center, restaurant, lobby bar and a further rooftop bar the hotel will open in mid-2020.

KKCG Real Estate has bought five industrial BTS projects with 54,500 sqm of GLA in Poland. The transaction value was approx. €41 million. KKCG Real Estate is part of KKCG Group belonging to Czech investor Karel Komarek. AXI IMMO’s Investment department has advised buyer in the transaction.

Polish sportswear retailer, 50 Style, opened in October its first store in Romania, in Bucharest’s Iris Shopping Center, Titan area, on a surface of 315 sqm. Its entry on the local market confirms the real estate consultancy company’s, Colliers International Romania's, view of the Polish brands’ goal to expand in the Eastern European region, especially in Romania, where consumption has steadily increased in recent years.

According to the latest report by JLL, Disruption or Distraction, the flexible office space sector in Europe has more than doubled since 2014, and could grow by up to 30% per year over the next five years. These forecasts - based on an analysis of 20 major European markets - also include Warsaw, which dominates the Polish flex market.