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News New leases drive Budapest’s office market
25
Apr
2019

New leases drive Budapest’s office market

by Property Forum
Total demand in the first quarter of 2019 reached 79,980 sqm on Budapest’s office market, representing a 12.2% decrease year-on-year. New leases accounted for 45% of the total leasing activity, according to BRF’s latest figures.
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News CBRE manages NEPI Rockcastle’s Bucharest office buildings
17
Apr
2019

CBRE manages NEPI Rockcastle’s Bucharest office buildings

by Property Forum
CBRE has taken over the management of the NEPI Rockcastle office portfolio in Bucharest, totalling 70,580 square meters. This is the first time when NEPI Rockcastle outsources the management of the properties. CBRE Romania now manages 770,000 sqm of offices and retail assets.
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News Coworking gains popularity in the CEE region
17
Apr
2019

Coworking gains popularity in the CEE region

by Property Forum
The increased interest of global corporations in coworking spaces was a notable trend that impacted on the office markets of the four largest capital cities in Central and Eastern Europe (CEE) in 2018. The total flexible office stock of Budapest, Moscow, Prague and Warsaw stands at 286,000 sqm, accounting for approximately 1% of the combined office market of these cities (29.9 million sqm). Demand generated by coworking operators in 2018 made up 5% of the overall office take-up in the CEE capital cities.
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News Spaces opens first Wroclaw location
17
Apr
2019

Spaces opens first Wroclaw location

by Property Forum
Spaces has leased 2,700 sqm in the mixed-use Wroclavia centre. Experts from JLL advised Spaces on the negotiation of lease terms. The developer - Unibail-Rodamco-Westfield - was represented by Knight Frank.
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News Strong start to the year on Romania’s office market
11
Apr
2019

Strong start to the year on Romania’s office market

by Property Forum
The Romanian office market started promising in 2019, given that in the first quarter, approximately 124,500 square meters were leased nationwide, almost 41% more than in the first quarter of last year.
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News JLL manages two White Stone buildings in Warsaw
11
Apr
2019

JLL manages two White Stone buildings in Warsaw

by Property Forum
JLL has been chosen by the White Stone group to manage two office buildings on Cybernetyki St. in Warsaw. Since taking over the management of Cybernetyki 7 and 7a St., JLL is now responsible for a wide range of services in the management of the properties, which includes maintaining relationships with tenants as well as supervising technical, operational and administrative issues. The company began managing the two office buildings shortly after they were bought by the White Stone group.
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News AFI Europe Romania starts second phase of Bucharest project
04
Apr
2019

AFI Europe Romania starts second phase of Bucharest project

by Property Forum
AFI Europe Romania will soon start works on the second phase of the €37 million AFI Tech Park Business Campus project in Bucharest.
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News Spaces expands in Prague and Budapest
04
Apr
2019

Spaces expands in Prague and Budapest

by Property Forum
JLL has provided space for 2 new branches of the international provider of co-working offices Spaces. In November this year, Spaces open in the low-energy building Nile House in Karlín, where they will occupy more than 3,500 sqm. One month later, they will take over 3,300 sqm in the SmíchOFF office building in Prague 5. At the same time, Spaces announced its first location in Hungary. The co-working operator will move into GTC White House in Budapest in Q4 2019. CBRE acted as adviser to the deal.
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News Atenor starts new office project in Budapest
04
Apr
2019

Atenor starts new office project in Budapest

by Property Forum
Atenor has signed an agreement, relating to the acquisition of more plots in the third district of Budapest, totalling an area of approximatively 5,000 sqm. This site is located 400 meters from Kolosy Square.
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News C&W Echinox to manage Bucharest office building
04
Apr
2019

C&W Echinox to manage Bucharest office building

by Property Forum
Cushman & Wakefield Echinox has been appointed to manage the Ethos office building, situated in the Floreasca area of Bucharest. This is the second mandate for the management of an office building by C&W Echinox in 2019.
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Latest news


New leases

  • Revetas Capital announced that Bonarka for Business “B4B” has secured a lease extension contract with a company of Hitachi Group - GlobalLogic. The company, a leader in digital product engineering, has been a tenant in B4B since 2016 and leases in total of 6,500 sqm of office space in Building F.
  • GTC has extended its lease for 1,700 square meters of office space with pharmaceutical company Egis Polska. The company will continue its operations in the Corius building at the Aeropark Business Centre in Warsaw.
  • IMSAT, a company that offers integrated engineering, electrical, automation, and industrial technology solutions, has expanded its office space, within Bucharest-based The Bridge office building, to 3,800 sqm. The deal was brokered by Cushman & Wakefield Echinox.

New appointments

  • GTC has announced the appointment of Sebastian Junghänel to the Management Board as Chief Operating Officer, effective 2 September 2025. With more than 18 years of experience in the real estate sector across Germany and CEE, Sebastian brings strong expertise in asset management, project development, ESG and innovation. His career includes co-founding ZEITGEIST Asset Management, where he built a €1 billion portfolio, and senior management roles at HOCHTIEF Group. At GTC, Sebastian will focus especially on the oversight of our portfolio in Germany, which includes, includes 5,200 residential units in Kaiserslautern, Helmstedt, Heidenheim, and surrounding areas. His know-how will also support our development projects in Central and Southeastern Europe.
  • Justyna Filipczak has taken up the position of Executive Vice President of the CEE residential segment and joined YIT's management team.
  • Avison Young's Valuation and Advisory team in Poland has welcomed a new member, Michał Marynowski, who takes the role of Assistant Valuer. Among other experiences, he worked at the Court of Appeal in Warsaw, where he was responsible for verifying execution documentation for selected investments, updating data in the premises database for court buildings, and analysing tender bids. Proficient in GIS, AutoCAD, and Revit, he also has strong skills in interpreting planning documents.

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