News - Hagag finishes construction of Bucharest office project
21
Aug
2020

Hagag finishes construction of Bucharest office project

by Property Forum
Real estate developer Hagag Development Europe finished construction works – refurbishing and reconversion – for its office project H Victoriei 109 in Bucharest. The building will be delivered following the final reception protocol. Up to the present time, 50% of the GLA has been contracted.
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News - Knight Frank becomes PM of Wrocław office building
21
Aug
2020

Knight Frank becomes PM of Wrocław office building

by Property Forum
Cavatina Holding has entrusted Knight Frank with the management of the Carbon Tower office building in Wrocław. The building’s leasable floor area totals 19,000 sqm.
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News - Savills to assist Atrium with office leasing in Poland
19
Aug
2020

Savills to assist Atrium with office leasing in Poland

by Property Forum
Savills has been appointed by Atrium European Real Estate as sole letting agent for office space in all the buildings owned by the fund in Poland.
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News - Demand slows down on Sofia’s office market
17
Aug
2020

Demand slows down on Sofia’s office market

by Property Forum
In the first half of 2020, the supply of modern class A, B and C office space in Sofia increased by 1%, reaching 2,315,600 sqm, according to Colliers International. The recently completed building 3 of Garitage Park accounted for much of the growth in the office stock.
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News - Kajima completes office project in Bydgoszcz
13
Aug
2020

Kajima completes office project in Bydgoszcz

by Property Forum
Kajima Poland has completed the extension and reconstruction of the Bydgoszcz headquarters of tyre e-retailer Oponeo.pl.
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News - Poland’s office supply expansion gets delayed by COVID-19
11
Aug
2020

Poland’s office supply expansion gets delayed by COVID-19

by Property Forum
Due to the lockdown caused by the outbreak of the COVID-19 pandemic, most companies embraced a remote working model and scaled-down business activity. How did this affect the Polish office market? Cushman & Wakefield presented a summary of H1 2020.
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News - Savills to lease and manage Cimex’s entire Czech portfolio
11
Aug
2020

Savills to lease and manage Cimex’s entire Czech portfolio

by Property Forum
Private investment company Cimex Group has appointed Savills as property and leasing manager for its portfolio of twelve properties – ten in Prague, one in Plzen and one in Karlovy Vary – in the Czech Republic, starting August 2020. The total floor area of the buildings is more than 100,000 sqm and the portfolio currently provides premises for more than 500 tenants.
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News - Tri-City’s office stock approaches 1 million sqm
11
Aug
2020

Tri-City’s office stock approaches 1 million sqm

by Property Forum
According to consulting company Walter Herz, the consistently expanding office market of Tri-City has the lowest vacancy rate in Poland currently and the office stock of the Tri-City agglomeration will exceed 1 million sqm after the construction of the ongoing investments is completed.
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News - Skanska launches new office project in Budapest
10
Aug
2020

Skanska launches new office project in Budapest

by Property Forum
Skanska invests about €65 million in the first phase of the new office complex H2Offices located in Budapest, Hungary. It will offer a total leasable area of about 26,000 square meters and is designed to obtain WELL and LEED certifications.
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News - Atenor secures €80 million loan for Bucharest project
10
Aug
2020

Atenor secures €80 million loan for Bucharest project

by Property Forum
Atenor announced the signing of a financing of €80 million with pbb Deutsche Pfandbriefbank and Erste Bank. This funding for a period of 5 years (2020 - 2025) covers the three buildings that make up the 75,000 sqm Hermes Business Campus office complex in Bucharest.
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Latest news


New leases

  • Worldbox has entered the Romanian market with its first store at Scallier's Funshop Park in Vaslui. The multi-brand store covers more than 660 sqm and offers clothing, footwear and accessories in the casual and sportswear segment.
  • Greek jewelry designer Anna Maria Mazaraki has opened her first Romanian store in Bucharest-based ParkLake Shopping Center. The transaction for the new location was brokered by Cushman & Wakefield Echinox.
  • Squarepoint, a global quantitative investment management firm, has leased close to 2,200 sqm in Warsaw based Skyliner II. Squarepoint was represented in the transaction by CBRE. Legal advisory for Karimpol was provided by Argon Legal.

New appointments

  • CBRE Investment Management announced the firm is evolving the leadership model in its EMEA Direct Real Estate business. Under the enhanced structure, Rik Eertink will assume the role of President and CIO of EMEA Direct Real Estate, after serving as President of EMEA Direct Real Estate for the past five years.
  • Nhood has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. She previously held leadership positions at large real estate firms, such as Cushman & Wakefield Echinox and CBRE Romania.
  • Daniel Orczyk has been named Senior Project Manager at the technical advisory department of Avison Young in Poland. He is a licensed structural engineer and building site manager with over 20 years of experience.

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