ARTICLES IN Office TOPIC

20
Jun
2019

Strong take-up on Łódź’s office market

by Property Forum
Łódź’s office market has been well-balanced in terms of demand and supply for several years. According to Cresa’s latest report, the office stock of the Łódź market has increased by nearly 8% year-on-year and amounted to 471,200 sqm at the end of Q1 2019. Take-up in the first quarter of 2019 reached 15,100 sqm, up more than 50% on the same period in 2018.
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20
Jun
2019

Continued investor interest in Służewiec

by Property Forum
Tenants are still eager to choose Warsaw's Służewiec district for their headquarters. The district also has a rapidly developing residential sector. These factors are enhancing the district’s image as an attractive place to live.  Nearly 35,000 sqm of office space was leased in Q1 2019, 3,900 apartments delivered to the market in the last three years with transactions worth over €600 million concluded in the office market since 2015 - JLL analysed investor activity in Warsaw’s Służewiec Przemysłowy.
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20
Jun
2019

Timişoara mixed-use project to open in August

by Property Forum
On the 30th of August 2019, Iulius and Atterbury Europe will open the first phase of the Iulius Town Timişoara project (formerly known as Openville), the largest real estate investment in the region, adding up to more than €220 million. This is the first mixed-use development in the west of Romania.
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13
Jun
2019

C&W Echinox takes over Bucharest office building

by Property Forum
Cushman & Wakefield Echinox was commissioned to manage the Eminescu Office building, which has recently been delivered in Bucharest, near Piaţa Romană. This is the third office building that has been taken over for management purposes by Cushman & Wakefield Echinox since the beginning of the year, with the Asset Services department being responsible for the day-to-day management of the building, tenant relationship management, operational supervision, financial services and ownership reporting, through on-site specialists and also from the company’s headquarters, coordinated by Mihaela Petruescu, Head of Asset Services.
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05
Jun
2019

Flow East unveils details of new Prague project

by Property Forum
Flow East has announced that its new development, currently under construction on Wenceslas Square, will be named "The Flow Building". The mixed-use project will offer nearly 15,000 sqm of Class A office space and 6,000 sqm of high-quality retail space upon its completion in 2020.
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05
Jun
2019

GTC breaks ground on new Budapest project

by Property Forum
GTC is gearing up in Budapest by commencing construction of Pillar office project located in the Budapest’s 13th district,. Recently, GTC celebrated the completion of their LEED Platinum certified GTC White House office building located also in Váci Road corridor, fully leased to BlackRock, Range Rover Jaguar, and Spaces. To further expand its position on the Budapest office market, GTC acquired one more land plot adjacent to GTC’s Center Point to increase the development pipeline to over 100,000 sqm of office space.
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05
Jun
2019

Companies in Krakow are moving closer to the centre

by Property Forum
Krakow’s office stock has increased by more than 15% over the year to more than 1.3 million sqm at the end of Q1 2019. According to “Occupier Economics: Office Market in Krakow Q1 2019”, a report published by m Cresa, the capital city of Lesser Poland continues to attract tenants and this trend is likely to carry on into the near future given the economic and cultural potential.
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30
May
2019

Modesta Real Estate leases Bratislava tower for 6 years

by Property Forum
Modesta Real Estate continues to be the exclusive broker for lettings in Westend Tower, Bratislava. The company successfully arranged office space for a large number of companies over the past few months. In addition to many new contracts, the leases of some major companies have recently been extended. These include international companies such as Kovintrade and the pharmaceutical and biotechnology company Adamed.
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23
May
2019

GRT Group develops new office building in Budapest

by Property Forum
Construction has begun on the Office Garden IV complex, which is being developed in Budapest by GRT Group, with the work to be completed in Q2 2021.
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16
May
2019

Warsaw’s office market vacancy rate to decrease further

by Property Forum
In the first quarter of 2019, leasing activity hit 140,100 sqm on the Warsaw office market, of which more than 101,000 was transacted under new deals and expansions. Cushman & Wakefield summarised the Warsaw office market in Q1 2019.
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