CEE’s largest office park begins a major transformation

17
May
2023
News - CEE’s largest office park begins a major transformation #Bulgaria #Business Park Sofia #office #renovation #SEE #Sofia

by Property Forum | Office

The largest office complex in Central and Eastern Europe – Business Park Sofia, started its long-term transformation into a greener and more active urban space that offers complete experiences, recreation, and culture to its residents and guests.


The change responds to the need for more quality, modern, and vibrant urban spaces in Sofia and aspires to create a good example in line with the global trends for sustainable and inclusive urban development. A partner in the long-term transformation is the team of urban activists from the Collective Foundation, who plan various collaborations between experts, artists, and citizens to develop the park and its surroundings, create new green and active public spaces, and attract more visitors and citizens from all over Sofia.

The business park employs over a thousand people, and more than 100 thousand residents of Sofia live around it in the district of Mladost, which is the youngest neighbourhood of the capital city.

The majority of the tenants and occupants of the offices and surrounding areas agree that they support the transformation of the Business Park and would like to see more green spaces for outdoor work, and more diverse events, sports, and culture. Based on the feedback from interviews and surveys, the team is developing a new plan for the office complex, with more greenery, outdoor venues, new art venues, and a huge rooftop area for dining, recreation, and events.

Historically, Business Park Sofia has been the largest business area in the Balkans since 2001. The complex includes 15 Class A buildings on a terrain of 220,000 sqm with a total built-up area of 300,000 sqn, employing over 10,000 people from many international companies




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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