ARTICLES IN Office TOPIC

06
Mar
2017

New project manager for Timișoara development

by Ákos Budai
Optim Project Management was assigned as General Designer for a new mixed commercia  (retail & offices) development in Timișoara. Optim PM will also provide project management services for this new project.
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06
Mar
2017

Tallest building in Łódź is under construction

by Ákos Budai
Master Management Group is developing the tallest building in Łódź. The 19-storey building will be a part of the Piotrkowska 155 mixed-use complex, currently under construction. 
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02
Mar
2017

Brno office prices to be pushed up by slow development

by Ákos Budai
2017 will deliver only 17,000 sqm of new space to the Brno office market. When considering the size of the market, together with Budapest, this is the lowest increment of new offices in Central and Eastern Europe – 3.3%. A lack of new office space may cause rental prices to increase. These figures are based on an analysis made by Cushman & Wakefield, which compares the office markets across 12 cities in Central Europe.
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02
Mar
2017

Futureal to realise Hungary's first WELL certified office building

by Ákos Budai
Futureal Group’s Advance Tower is getting closer to becoming the first office building in Hungary obtaining the Well Building Standard (WELL) certification. The International Well Building Institute’s system examines buildings’ impact on human body, health and environment and rates them based on 7 categories – air, water, nourishment, light, fitness, comfort and mind. The pre-qualification process of Advance Tower that will be built on Váci Road has already started. All further office projects of Futureal Group will be realized in line with the requirements of the Well Building international standard. 
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28
Feb
2017

Immofinanz rents over 80,000 sqm of office space in Bucharest

by Ákos Budai
Immofinanz rented approx. 80,000 sqm of office space in Bucharest during the abbreviated 2016 financial year. That represents more than 40% of the total standing office portfolio in Romania. These transactions are expected to increase the occupancy rate in the office sector in Romania from roughly 88% to more than 94%. New rentals and expansions accounted for roughly 47,000 sqm or 60% of the rented space, while the remainder represents contract extensions. 
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28
Feb
2017

Green certificate awarded to Warsaw office building

by Ákos Budai
Warsaw office building Wspólna 47/49 has been awarded a BREEAM IN-USE International certificate. It received an “Excellent” rating in Asset Performance and a “Very Good” rating in Building Management. The scheme is owned by CA Immo and Cushman & Wakefield is the property manager.
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27
Feb
2017

Serviced offices open in Polish regional cities

by Ákos Budai
City Space, an operator of serviced offices, is to open new business centres in Wrocław, Katowice and Gdańsk in the next few weeks. So far the office operator was present in Warsaw and Kraków, its dynamic expansion is an effect of joining forces with Echo Investment. 
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23
Feb
2017

Arco expands Business Park Sofia by investing €30 million

by Ákos Budai
Arco Real Property Holdings, a joint venture between Arco Capital and Deutsche Asset Management's DB Private Equity & Private Markets group, has decided to develop and construct a new office building in Business Park Sofia (BPS). The investment volume for this new building will be around €30 million.
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23
Feb
2017

CA Immo leases 12,000 sqm office space in Budapest

by Ákos Budai
CA Immo has concluded rental agreements for around 12,000 sqm of office space in Budapest. The agreements include new rentals as well as contract extensions and expansions of existing tenants.
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23
Feb
2017

Regional cities grow strongly in Poland

by Ákos Budai
900,000 sqm of office space was delivered to market in Poland in 2016 – the market's best ever result. Furthermore, demand was 1.34 million sqm. Kraków and Wrocław remain the leaders among office markets outside Warsaw, while an excellent result was recorded by Łódź.JLL summarised 2016 on the office market in both Warsaw and the other eight major cities in Poland.
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Latest news


New leases

  • Online grocer Barbora has leased around 3,000 sqm in the Park City Logistics Katowice I logistics park.
  • Reka Rubber Polska, a manufacturer of rubber products has leased almost 2,000 sqm of warehouse space in MLP Poznań West. Rock Estate agency helped to negotiate the deal.
  • International design studio Buro Happold has extended its lease in the central-Warsaw Spektrum Tower building owned by Globalworth. The company occupies 1,300 sqm of office space.

New appointments

  • Globalworth announces that Andreas Papadopoulos, Chief Financial Officer, has informed the Board that he wishes to resign from his role but that he will stay on for an interim period, leaving the company by 30 April 2022.
  • Máté Bihari has been appointed Director of Leasing and Sales by Horizon Development in Hungary. He joined the Horizon Development team in 2017, where he played an important role in leasing commercial projects.
  • Nikola Ristivojevic has started a new position as Director of Capital Markets at Coreside Savills in Serbia. He previously worked as Senior Consultant at CBS International, a member of Cushman & Wakefield Alliance.


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