U.S. Green Building Council (USGBC) awarded United Business Center 5 (UBC 5), a Class A office building and part of the office component of Palas Iași mixed-use project, the LEED Gold certification in line with the LEED 2009 international standard for Existing Buildings: Operations and Maintenance.

Futureal Group has acquired the Antares office building in Warsaw, Poland. The 16-year-old complex will be fully modernized and repositioned in order to exceed the higher expectations of tenants. Cushman & Wakefield has been appointed as sole letting agent for the project.

Prologis has started the construction of a new, state-of-the-art speculative facility totalling 14,000 square meters at Prologis Park Budapest-Harbor to provide further sustainable space. Scheduled for completion in Q2 2020, the new building will even have its own motorway access.

The total value of 230 office, retail, warehouse and hotel projects, both ongoing and planned, which are conducted by top 30 property developers is estimated at nearly €10 billion, according to the latest report by research company Spectis.

Leasing volume on the Warsaw office market hit 688,500 sqm in the first three quarters of 2019, of which nearly 65% was transacted under expansions and new deals. Cushman & Wakefield presented an overview of the Warsaw office market after Q3 2019.

Unissu.com, the world’s only PropTech marketplace, has raised US$800,000 of investment led by M7 Real Estate alongside a number of other high profile international experts in the field of digital transformation in real estate. These include Harry Hill, Founder of Rightmove, the Central Europe-based Property Forum, Asia PropTech and Robert Gilchrist, the former CEO of Rockspring. Richard Croft, Executive Chairman of M7, has also joined Unissu’s board of directors.

S Immo has acquired the almost fully let office building HOTO Tower in the Croatian capital Zagreb from the Austrian SIGNA Group. The distinctive 60-meter-high office tower is characterised by its prominent location along the Savska Cesta in the southwest of the Central Business District.

Adventum International, a Malta-based boutique investment fund manager, has acquired the 10,000 sqm office building Renaissance Plaza in the most dynamically growing area of the Polish capital from REInvest Asset Management, a Luxembourg-based asset and fund manager. The 7-storey, Class B+ office building is fully leased to Orange Polska S.A.

New office space for lease is being absorbed very quickly in Tricity. In the first half of 2019, the region’s net absorption of 16,300 sqm nearly matched new supply (17,400 sqm). Approximately 50,000 sqm of new office space is scheduled for delivery by the end of 2019.

Similarly to 2017, the Airbnb activity in Budapest showed strong growth (25% y-o-y) in overnight stay in 2018 as well, exceeding 1.8 million. This figure reached 70% increase by the end of last year since 2016, says the latest Budapest city report on Airbnb released by Colliers International and Hotelschool The Hague.