mBank’s headquarters will be located in the tower of the Mennica Legacy Tower complex. The total office space at the complex developed by Golub GetHouse and Mennica Polska S.A. at the intersection of Prosta and Żelazna streets in Warsaw has thus been commercialized. The agreement signed by the bank and Mennica Legacy Tower investors is one of the largest transactions in the history of the office market in Poland.

At the end of 2018, modern office stock in Poland’s eight biggest cities (Krakow, Wrocław, Tricity, Katowice, Poznań, Łódź, Szczecin and Lublin) stood at more than 4.9 million sqm (+12% y/y). Krakow, Wrocław and Tricity topped the league table for total office stock. The Wrocław office market was the second regional city after Krakow to see its volume of office space exceed one million sqm. Cushman & Wakefield has summarized 2018 on Poland’s regional office markets.

The Heweliusza 18 office building has been given a valid occupancy permit. Tenants will start to move into the building from spring.

One and a half years after starting work on the site in the western part of Bucharest, Globalworth has finalised the construction of Renault Bucharest Connected (RBC). The project includes 40,000 sqm of Class A offices, served by an underground level with approximately 240 parking spaces, with a further 760 spaces outdoors. Renault Bucharest Connected includes an 8,000 sqm design centre, and the employees who work there will benefit not only from a 350 seat amphitheatre but also other facilities such as a restaurant, gym and a medical office.

AFI Tech Park, AFI Europe Romania’s latest business campus in Bucharest, announced two new tenants of AFI Tech Park 1, the first building of the office complex: New Work and Afcon Electra Romania. Following this transaction, AFI Tech Park 1 reaches an occupancy rate of 80%

The landlord representation team at BNP Paribas Real Estate Poland, acting as an exclusive agent, will be responsible for leasing the vacant space in the Vipol Plaza office complex.

Atenor announced that its latest large-scale Budapest project, Aréna Business Campus has secured its first two signed lease contracts for the first building. More than 700 sqm ground floor area has been leased to Costa Coffee and a medical centre, one year prior to the building’s handover.

Microsoft and Skanska’s office unit in Poland have signed an agreement on strategic cooperation in the area of PropTech. It provides for expert knowledge exchange and the use of advanced data analytics solutions, AI mechanisms and cloud computing to create breakthrough innovations for the office real estate sector. The partners will also work together to develop presentations of Skanska's development projects using mixed reality and Microsoft HoloLens glasses and the analytical part of the Connected by Skanska system.

United Business Center 2 (UBC 2) in Timișoara was awarded a LEED Gold certification. UBC 2 adds up to 18,000 sqm leasable area and was opened in early 2017. The building is a part of the Openville Timișoara mixed-use project currently developed by Iulius and Atterbury Europe in the vicinity of Iulius Mall.

In the second half of last year, gross take-up decreased in the two largest regional office markets of the Czech Republic. The Regional Research forum announced the Brno and Ostrava office market figures for H2 2018.