Budapest’s office market statistics for Q1 2021 continued to reflect the uncertainties and economic slowdown triggered by the COVID-19 pandemic. While quarterly demand remained somewhat weaker than in previous years, the gap narrowed as the number of transactions showed recovery, according to the Budapest Research Forum (BRF).

International Finance Corporation (IFC), part of the Word Bank Group, is providing a €72 million loan to a subsidiary of Iulius Holding for the development of a new green office project in Iași, northeastern Romania. 

The pandemic has thrown coworking spaces into a distressing situation and some smaller market players are, in fact, finding it difficult to keep afloat. How will coworking spaces attract companies in the new post-pandemic reality? What will the flexible office of the future look like? Cushman & Wakefield is looking for the answers.

Real estate group Immofinanz says it has concluded a long-term rental contract for roughly 11,000 sqm with healthcare services provider Provita Group. 

Cluj-based office building Amera Tower has received a pre-certification as a "zero waste building" and is working towards obtaining the full certificate from the Zero Waste Europe organization, making it the first project in Romania that gets this label. 

The topping-out ceremony has taken place for the .KTW II office building in Katowice, which at 133 metres is the tallest building in the Silesian conurbation.

Colliers has started a cooperation with Stena Fastigheter and has taken under management Spark B, its office building in Warsaw’s Wola district.

The future of work will be agile, flexible, and hybrid, says a new report by HB Reavis. According to “The Future of Work”, simply offering a split between at-home and in-office work is no longer enough. Increasing productivity and employee wellbeing is all about the digital experience, and 2020 has brought a new understanding of what the workplace should look like to both employers and employees.

Romanian real estate developer Forte Partners has rolled out SpotUS.Space, a digital solution that ensures the optimized and efficient use of resources for the hybrid work mode. 

Cushman & Wakefield has won a double mandate to deliver property and asset management for Neopark, an office complex that has been recently acquired by French investment manager Amundi Real Estate. The complex consisting of two office buildings offers a total of 24,600 sqm.