News - One United's Bucharest office project now 72% leased
27
Jan
2021

One United's Bucharest office project now 72% leased

by Property Forum
One United Properties announces the lease agreement with Superbet for an 8,206 sqm office space in One Cotroceni Park in Bucharest. 
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News - Ghelamco starts with The Bridge in Warsaw
27
Jan
2021

Ghelamco starts with The Bridge in Warsaw

by Property Forum
Ghelamco has started preparations for the construction of The Bridge skyscraper. The building will stand at the intersection of Towarowa and Grzybowska streets, next to Plac Europejski (European Square) in Warsaw.
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News - CBRE to manage CA Immo’s Czech office portfolio
25
Jan
2021

CBRE to manage CA Immo’s Czech office portfolio

by Property Forum
CBRE, which has been managing the 22,805 sqm Visionary office building in Prague 7 for CA Immo for two years, has received a mandate to manage the Austrian company’s remaining office portfolio in the Czech Republic.
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News - Karimpol skyscraper in Warsaw gets occupancy permit
22
Jan
2021

Karimpol skyscraper in Warsaw gets occupancy permit

by Property Forum
Skyliner, one of the highest office towers in Warsaw developed by Karimpol, has obtained an occupancy permit. The skyscraper was designed by APA Wojciechowski. Tenants will start moving into the building in the first half of 2021.
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News - Warsaw office market waiting for stabilisation
22
Jan
2021

Warsaw office market waiting for stabilisation

by Property Forum
Tenant activity in 2020 was 31% lower than in 2019, with developers being much more cautious about launching new developments than in previous years. As a result, this could lead to a supply gap in the Warsaw market. Advisory firm JLL summarizes the Warsaw office market at the end of 2020.
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News - Prague’s total office leasing activity in 2020 down by 24%
22
Jan
2021

Prague’s total office leasing activity in 2020 down by 24%

by Property Forum
Gross take-up on the Prague office market in Q4 2020 amounted to 98,700 sqm, representing a 17.6% increase on the previous quarter but a 33% decrease in a year-on-year comparison. The Prague Research Forum announced the office market figures for Q4 2020.
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News - Budapest office market vacancy rate increases again
21
Jan
2021

Budapest office market vacancy rate increases again

by Property Forum
Total demand on the Budapest office market reached 86,310 sqm in Q4 2020, representing a 57% decrease year-on-year. The vacancy rate has increased to 9.1%, representing an increase of 1.0 p.p. quarter-on-quarter, according to BRF’s latest figures.
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News - Wing completes office revitalisation project in Budapest
20
Jan
2021

Wing completes office revitalisation project in Budapest

by Property Forum
Wing completed the development of the revitalised Gizella Loft office building, in the heart of Zugló, in fall 2020. The building offers 8,500 sqm of office space. Its redevelopment has transformed it into a Class A, people-oriented and cost-efficient space ready to welcome future tenants. The main tenant which had already occupied the building, TÜV Rheinland Intercert Kft., committed itself to the Gizella Loft in 2019, and in September 2020 took occupancy of the space designed according to its needs.
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News - Helaba is financing the acquisition of LIXA in Warsaw
20
Jan
2021

Helaba is financing the acquisition of LIXA in Warsaw

by Property Forum
With a loan amount of €82.2 million, Helaba is financing the acquisition of the prime office property Lixa in Warsaw. The first stage of the investment was purchased by Hana Investment Co. Ltd., a South Korean consortium represented by Commerz Real. The loan term is for five years and Helaba is acting as sole underwriter for the transaction.
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News - Skanska signs largest ever office lease in Poznań
19
Jan
2021

Skanska signs largest ever office lease in Poznań

by Property Forum
Skanska has signed a lease agreement with Polish e-commerce platform Allegro for about 26,000 sqm of office space and 177 parking lots in the third office building in the Nowy Rynek mixed-use project in Poznań, Poland. The tenant will move in in Q2 2021. With this lease, the building is now 87% occupied.
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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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