ARTICLES IN Office TOPIC

18
Apr
2018

Atenor launches large-scale Budapest project

by Property Forum
Belgian developer Atenor is starting its latest large-scale project, Aréna Business Campus which is located in the 8th district of Budapest. The real estate developer, listed on Euronext Brussels, bought the 19,000 square meters site under 30 Hungária Boulevard last September, on which a Class A+ office complex of nearly 72,000 square meters will be built.
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18
Apr
2018

JLL selected as exclusive agent for Wroclaw project

by Property Forum
JLL has been selected as the exclusive leasing agent for Infinity - an office scheme in Wrocław which will offer over 22,000 sqm of space. Avestus Real Estate and Tristan Capital Partners are responsible for the execution of the investment.
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18
Apr
2018

Coworking is taking the Czech market by storm

by Property Forum
The area of shared offices in Prague will grow by 66% year-on-year. At the end of 2017 the total area was 16,500 sqm, and in 2018 it will increase to 27,500 sqm as the market delivers 11,000 sqm. The majority of these centres have been pre-leased. Shared offices are used in the regions as well. There are 76 coworking centres across the Czech Republic with a total area in excess of 25,000 sqm. According to Cushman & Wakefield’s estimates, the current area of shared offices will double by 2020.
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18
Apr
2018

New record on Budapest’s office market

by Property Forum
The office vacancy rate has decreased to 7.3%, representing a 0.2 pps reduction quarter-on-quarter - the lowest rate ever recorded on Budapest office market. The Budapest Research Forum published its latest figures.
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13
Apr
2018

Companies keep setting up new HQs in Bucharest

by Property Forum
Companies have rented almost 70,000 square meters of office space in Bucharest in Q1 2018, according to JLL. One-third of the demand came from companies that formerly had their headquarters in old, small buildings or in other different from modern buildings (non-competitive stock). This segment of demand increased compared to last year when it accounted for only 7% of the total take-up.
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13
Apr
2018

Futureal Group launches Advance Tower II in Budapest

by Property Forum
Futureal Group has started the construction of the second phase of its Advance Tower office building located at the Váci office corridor in Budapest, Hungary. The expansion of the office complex will offer an additional 8,000 square meters of GLA. Advance Tower’s second phase receiving the international WELL Building Platinum Precertification is expected to be handed over in the second half of 2019.
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11
Apr
2018

Yareal receives building permit for Warsaw project

by Property Forum
Yareal has received the building permit to construct the first stage of the 65,000 sqm LIXA office complex. Yareal’s biggest office investment ever will co-create the business centre at Warsaw’s Daszyński roundabout.
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06
Apr
2018

Łódź’s office market absorbs new supply

by Property Forum
According to “Occupier Economics: Office Market in Łódź in 2017”, the latest report produced by Cresa, last year’s absorption rate for office buildings in Łódź hit a record high of 55,500 sqm. With office stock at 437,770 sqm, Łódź is Poland’s sixth largest regional office market. The city’s vacancy rate currently stands at 9.3% (up by 3.1 p.p. year-on-year).
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05
Apr
2018

S Immo assigns new agents for Budapest building

by Property Forum
S Immo Hungary, owner of River Estates office building located at the junction of Váci road and Dózsa György road, co-exclusively assigned JLL and Robertson Hungary real estate agencies to lease 9,200 square meters of quality office space.
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05
Apr
2018

Aviatorilor 8 receives final BREEAM certification

by Property Forum
Optim Project Management has assisted NEPI Rockcastle throughout the entire BREEAM certification process for the landmark office project, Aviatorilor 8. The building achieved an ‘Excellent’ level of certification under the BREEAM International 2013 rating scheme.
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