News - Echo Investment sells Villa Offices to KGAL Group
11
Mar
2021

Echo Investment sells Villa Offices to KGAL Group

by Property Forum
Villa Offices, part of the Warsaw Brewery complex, was acquired by KGAL Group, a leading independent investment and asset manager. The building was sold for approximately €86.7 million.
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News - Speedwell obtains highest level of WELL pre-certification in Romania
10
Mar
2021

Speedwell obtains highest level of WELL pre-certification in Romania

by Property Forum
Speedwell obtained the WELL v2 pre-certification for MIRO, a Class A office project developed by the Belgian company in the northern part of Bucharest.
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News - Hagag invests €4 million in new office building in Bucharest
10
Mar
2021

Hagag invests €4 million in new office building in Bucharest

by Property Forum
Hagag Development Europe has started the construction works for the reconversion of the property it owns in the University area. H Tudor Arghezi 21 is the second office project that the company is developing on the local market, and the investment amounts to over €4 million.  
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News - CPI to continue renovation of Arena Corner in Budapest
09
Mar
2021

CPI to continue renovation of Arena Corner in Budapest

by Property Forum
Owner CPI Hungary will complete the second stage of a reconstruction project in its Arena Corner office building, updating it to reflect the latest office trends and changing tenant requirements.
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News - Amazon to open three new offices in Romania
09
Mar
2021

Amazon to open three new offices in Romania

by Property Forum
Amazon announced that will open three new offices in Romania and add a further 500 new permanent roles by the end of 2021. Amazon plans to open a new office in Timișoara and two new offices in Iași. The company has a total permanent workforce in Romania of more than 2,500.
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News - Budapest office building to get new makeover
08
Mar
2021

Budapest office building to get new makeover

by Property Forum
The Park Atrium office building in Budapest will be given a new look. As part of the reconstruction, the functions of the public spaces will be optimized according to new land-use principles and fresh design ideas, the ground floor lobby, the reception space, the conference centre and the community garden will be renewed. A new café overlooking the City Park will also be opened. The works will be completed this spring.
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News - Construction of Infinity in Wrocław has begun
05
Mar
2021

Construction of Infinity in Wrocław has begun

by Property Forum
The construction of a slurry wall as part of the construction of the Infinity office building in Wrocław has begun. The office project, which is being developed in the very heart of Wrocław, at John Paul II Square (the junction of Legnicka and Nabycińska Streets), will offer in total almost 22,000 sqm of leasable area. Eiffage Polska Budownictwo S.A. is responsible for the implementation of the current stage of works. The investment is scheduled to be completed in Q1 2023.
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News - ConvergenCE to lease HB Reavis project in Budapest
04
Mar
2021

ConvergenCE to lease HB Reavis project in Budapest

by Property Forum
HB Reavis entrusted ConvergenCE with the leasing of 8,000 sqm of Agora Tower last year, followed by an additional 6,000 sqm at Agora HUB this February.
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News - Another building from Cavatina has been commissioned
04
Mar
2021

Another building from Cavatina has been commissioned

by Property Forum
Cavatina Holding has obtained an occupancy permit for the first building completed within the Ocean Office Park complex in Kraków.
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News - Palio Office Park A in Tricity with an occupancy permit
04
Mar
2021

Palio Office Park A in Tricity with an occupancy permit

by Property Forum
The first of the eight buildings planned as part of the Palio Office Park project in Gdańsk has been commissioned. The office building located on the premises of the Gdańsk Shipyard will deliver 16.6 thousand square meters GLA to the Tricity market.
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Latest news


New leases

  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.
  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.

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