Israeli investment group AFI Properties has signed an agreement for the acquisition of the T-Mobile Office Park in the Warsaw district of Mokotów for about €100 million. The previous owner was Starwood Capital Group.

Developed by Wing, the brand-new headquarters building of evosoft Hungary Kft., a Siemens subsidiary, was completed on time and tailored fully to the tenant’s needs. Located at the Buda end of the Rákóczi Bridge, the 22,000 sqm complex was completed as part of the second phase of the Hungarian Nobel Prize Winners R&D Park. The building, home to a six-storey research and development facility, is equipped with cutting-edge technology and meets Gold-level environmental friendliness and energy efficiency LEED certification criteria. Evosoft is expected to begin moving into the building in December 2020.

As was the case in the global financial crisis, the number of companies looking for cost savings continues to grow, with some deciding to sublease their offices.

Warsaw Trade Tower, one of the tallest skyscrapers in the Polish capital is now being managed by its owner, Globalworth.

The final stage of the Cluj Business Campus mixed-use project in Cluj-Napoca has been completed following a €27 million investment. The project comprises over 30,000 sqm of Class A office space and apartments.

French real estate group Catinvest has opened the first Class A office building in Craiova, Romania. The new offices of Electroputere Parc are part of the mixed-use building covering 12,300 sqm that has been completed this year and another similar building with 12,700 sqm is set to be completed in Q2 2021. The total investment cost amounts to €39 million.

Echo Investment has finished the construction of the second stage of the Face2Face Business Campus office complex in Katowice, Poland. Capgemini, as the first of the tenants, started working in the new office at Żelazna 2.

Final interior construction works are now being carried out in the high-rise, which opened at the beginning of November this year, with the general contractor handing over the common areas. At the same time, GGH is in talks to sell Mennica Legacy Tower.

Top Polish developers believe that in 2021 the real estate market will normalize and the vaccine will help it shake off the pandemic effects. They discussed investment markets trends at the online edition of Property Investment Forum 2020, organised by Portfolio in partnership with Property Forum.

Cushman & Wakefield Echinox has been appointed to manage the Ţiriac Tower office building in Bucharest’s Central Business District, starting with October. As a result, Cushman & Wakefield Echinox will be responsible for the management of daily administrative-operational activity within the project, through a team of specialists both on-site and at the headquarters, coordinated by Mihaela Petruescu, Partner Asset Services.