News - Survey: Employees in Romania see future for offices
27
May
2021

Survey: Employees in Romania see future for offices

by Property Forum
Close to 88% of the employees in Romania believe that offices will exist in the future, but most say that the post-pandemic workspace needs to be transformed, according to a survey commissioned by Genesis Property. 
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News - Futureal tops out final phases of Budapest office project
27
May
2021

Futureal tops out final phases of Budapest office project

by Property Forum
Futureal’s Budapest One office park has achieved another major milestone in its development, as the second and third phases of the complex have reached their highest point. Budapest One will house both Vodafone's new headquarters and BT's regional service centre.
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News - IWG brings new flexible workspace brand to Budapest
27
May
2021

IWG brings new flexible workspace brand to Budapest

by Property Forum
IWG has announced the opening of a brand-new centre in the Szervita Square Building in Budapest. The centre, which opened last month, is operating under the Signature brand, which provides workspaces in the most sought-after locations in the world.
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News - How long will Budapest’s office market continue to soar?
27
May
2021

How long will Budapest’s office market continue to soar?

by Property Forum
Although many projected that office development projects would be cancelled due to the pandemic, that is not what the numbers are showing. Developments are ongoing despite the emergence of working from home and Eston forecasts about 160,000 sqm of offices for rent to be put on the market this year, following 230,000 sqm in 2020. Meanwhile, the pre-lease ratio of buildings under construction is lower than seen in previous years, in line with the current demand trend.
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News - Office rents in Bucharest down 12-17% compared to 2019
27
May
2021

Office rents in Bucharest down 12-17% compared to 2019

by Property Forum
The rent environment for Bucharest offices has been on a downward trend since the onset of the health crisis as flexible work arrangement that limited the presence of employees in offices were implemented, according to Investpoint.
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News - Avestus selects general contractor for Wrocław office building
25
May
2021

Avestus selects general contractor for Wrocław office building

by Property Forum
Avestus Real Estate has selected the general contractor for the Infinity office building in Wrocław. Comprehensive implementation of the project to be developed at Jana Pawła II Square (at the junction of Legnicka and Nabycińska streets) will be the responsibility of Eiffage Polska Budownictwo S.A. The investment with a total lease area of almost 22,000 sqm is scheduled to be completed in Q1 2023.
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News - Chillispaces opens second office in Łódź
24
May
2021

Chillispaces opens second office in Łódź

by Property Forum
React, an office project developed by Echo Investment in Łódź, will be the second location in the city for Chillispaces, a company specializing in providing coworking spaces. The tenant will start to operate here in the first quarter of 2022.
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News - Hagag concludes procedures for building restoration in Bucharest
21
May
2021

Hagag concludes procedures for building restoration in Bucharest

by Property Forum
Hagag Development Europe says it has submitted the complete documentation in order to obtain the building permit for the consolidation and restoration works on Știrbei Palace, a historical building located in central Bucharest. 
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News - Small town workspaces possess huge potential
21
May
2021

Small town workspaces possess huge potential

by Property Forum
As more people get vaccinated and offices are reopening, companies need to make a decision on how to manage their workforce. Employees that worked remotely for much of the past year will now circulate between work from home and commuting to the office. But do employees really want to work from home or from the office 5 days a week? CEE-based flex office provider New Work believes that the future belongs to flexible workplaces everywhere and they see demand for hundreds of flex office locations across each country in the region.
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News - Contera to build office building in Ostrava
20
May
2021

Contera to build office building in Ostrava

by Property Forum
Czech industrial developer Contera is entering a new segment and will deliver an office building in the heart of Ostrava. The new project, named Organica, is set to boast intelligent control systems and environmental friendliness, the company announced on LinkedIn.
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Latest news


New leases

  • Worldbox has entered the Romanian market with its first store at Scallier's Funshop Park in Vaslui. The multi-brand store covers more than 660 sqm and offers clothing, footwear and accessories in the casual and sportswear segment.
  • Greek jewelry designer Anna Maria Mazaraki has opened her first Romanian store in Bucharest-based ParkLake Shopping Center. The transaction for the new location was brokered by Cushman & Wakefield Echinox.
  • Squarepoint, a global quantitative investment management firm, has leased close to 2,200 sqm in Warsaw based Skyliner II. Squarepoint was represented in the transaction by CBRE. Legal advisory for Karimpol was provided by Argon Legal.

New appointments

  • CBRE Investment Management announced the firm is evolving the leadership model in its EMEA Direct Real Estate business. Under the enhanced structure, Rik Eertink will assume the role of President and CIO of EMEA Direct Real Estate, after serving as President of EMEA Direct Real Estate for the past five years.
  • Nhood has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. She previously held leadership positions at large real estate firms, such as Cushman & Wakefield Echinox and CBRE Romania.
  • Daniel Orczyk has been named Senior Project Manager at the technical advisory department of Avison Young in Poland. He is a licensed structural engineer and building site manager with over 20 years of experience.

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