In Immofinanz's Hungarian portfolio, several lease agreements and extensions of almost 21,000 sqm have recently been completed. Thus, most of the company's local office buildings are currently fully leased.

Online retailer eMAG will invest €1.5 million in upgrading its HQ building to accommodate the hybrid work system as it aims to make the program permanent for more than 3,000 employees. The HQ will be transformed into a collaborative workspace and will be fitted with technology systems that support the mix of office and remote work.  

Romanian entrepreneur Liviu Tudor has announced plans to revamp Novo Park, the office park he owns in northern Bucharest. The office facades will be refreshed and solar panels will be placed on top of each of the seven buildings in the complex. 

The Swedish developer launches the construction of another building in the Nowy Rynek complex in Poznań which is going to consist of approx. 28,500 sqm of office space. It will apply for a WELL Core&Shell certificate. The commissioning is scheduled for Q2 2023.

Patrizia has appointed JLL as the commercialization agent for its office portfolio in Poland, consisting of eight buildings with space totaling approx. 65,000 sqm. JLL acts as a partner of MVGM, the new property manager of Patrizia’s portfolio.

The Globalworth Foundation provided an office space from the Globalworth group to the authorities in Bucharest for a vaccination centre. Led by the public authorities of Bucharest, the activity of the centre will consist of vaccinating as many people as possible in the third phase of the national vaccination campaign.

In the largest cities, we can observe the implementation of spectacular office projects. Completion of some investments affects the classification of the tallest buildings in Poland.

Savills has been instructed as sole letting agent for office and retail space in the Wratislavia Center in Wrocław, managed by the Austrian investor FLE GmbH.

Take-up on Ljubljana’s office market reached only 46,000 sqm in 2020, one third less than the previous year. Despite strong demand from potential tenants, there is very limited supply available, according to the Ljubljana office market snapshot prepared by S-Invest.

Vastint Poland has signed a contract with Budimex SA for general contracting services for the initial part of the second phase of the Waterfront complex in Gdynia. The planned investment will be built on Hryniewickiego Street, in the vicinity of Kościuszko Square, and will comprise the construction of four buildings totalling ​​45,000 sqm including underground garages. The general contractor plans to start construction in May of this year, with the investment scheduled for completion in 2023.