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News Globalworth gets two Bucharest buildings certified
31
Jan
2019

Globalworth gets two Bucharest buildings certified

by Property Forum
Tower 1 and Tower 2, the first two office buildings of the Globalworth Campus project in Bucharest, have been awarded BREEAM certificates with a rating of 'Excellent'. The certification recognizes the high standards of sustainability and the healthy working environment of the 57,000 sqm of Class A office space in the complex located in the northern part of the city.
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News Record leasing activity on Budapest’s office market
31
Jan
2019

Record leasing activity on Budapest’s office market

by Property Forum
The Budapest office market enjoyed a dynamic year in terms of gross take-up, equating to nearly 535,000 sqm of office space transacted, effectively in line with the record year of 2015 which saw circa 538,000 sqm.
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News Warsaw’s office market breaks records in 2018
24
Jan
2019

Warsaw’s office market breaks records in 2018

by Property Forum
Last year an astonishing 860,000 sqm of office space was leased, with the vacancy rate dropping 8.7%, and new supply totalling 230,000 sqm. Currently, the total under-construction volume stands at 720,000 sqm. JLL summarised the Warsaw office market in 2018.
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News Brussels-based developer launches Budapest project
24
Jan
2019

Brussels-based developer launches Budapest project

by Property Forum
Codic International, a Brussels-based developer, announced that construction has commenced on the office component of Green Court, their latest mixed-use development to be realized in partnership with the Hungarian Pesti Házak and the Austrian Venta Group. The project is located in Budapest on the Váci office corridor. The project incorporates Green Court Office, a 21,000 sqm GLA premium office development, and Green Court Residence, comprising two residential buildings with 275 apartments. The apartments will be occupied by the end of this year, and the office project is scheduled to be handed over in Q4 2020. Colliers International and Jones Lang LaSalle have been appointed co-exclusive leasing agents for the office development.
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News Strong demand for Budapest offices
24
Jan
2019

Strong demand for Budapest offices

by Property Forum
Total demand on the Budapest office market reached 171,490 sqm in Q4 2018, representing a 19% growth year-on-year. The office vacancy rate stands at 7.3%, representing a 90 basis points increase quarter-on-quarter and a 20 basis points reduction year-on-year. The Budapest Research Forum published its latest figures.
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News C&W appointed property manager of Warsaw office building
14
Jan
2019

C&W appointed property manager of Warsaw office building

by Property Forum
In early October 2018, Cushman & Wakefield was appointed a property manager for Proximo II, an office building in Warsaw. The owner of the complex is ČS nemovitostní fond, the largest open-ended Czech investment fund managed by REICO.
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News Warsaw’s Służewiec needs a new strategy
14
Jan
2019

Warsaw’s Służewiec needs a new strategy

by Property Forum
Służewiec, a district in Warsaw and one of the largest and most prominent business districts in Poland, currently offers nearly 1.1 million sqm of modern office space. According to recent estimates, there is approx. 87,000 office personnel employed in the area. As the needs of staff and residents of the city change, there is a groundswell of opinion suggesting that this part of Warsaw needs a new strategy and a fresh action plan. What activities would contribute to the improved functioning and more favorable perception of this district as well as maintaining its attractiveness as a key business hub?
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News Knight Frank becomes PM of Warsaw building
10
Jan
2019

Knight Frank becomes PM of Warsaw building

by Property Forum
From the beginning of January, Knight Frank has been appointed a property manager of the Kliwer office building located in Mokotow in Warsaw. Currently, the property is fully rented.
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News Golub GetHouse and Mennica Polska obtain €130 million loan
10
Jan
2019

Golub GetHouse and Mennica Polska obtain €130 million loan

by Property Forum
Golub GetHouse and Mennica Polska S.A. obtained financing for subsequent stages of the construction of Mennica Legacy Tower in Warsaw. More than €130 million of construction credit was granted by a consortium of three banks.
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News GTC refinances three projects with €95 million of loans
07
Jan
2019

GTC refinances three projects with €95 million of loans

by Property Forum
Just before the end of 2018, GTC S.A. signed €94.6 million new loan agreements certifying the financial solidity of the company. The refinancing was granted to three prime projects of the developer and asset manager – GTC White House in Budapest, FortyOne in Belgrade, and Artico in Warsaw.
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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