Cushman & Wakefield was appointed property manager of Horizon Plaza in Warsaw. In addition, Cushman & Wakefield delivers project commercialization services for the owner of the building. The owner of Horizon Plaza is a real estate fund managed by Union Investment.

Warburg-HIH Invest Real Estate acquired a LEED Platinum certified new office building in Budapest on behalf of an open-ended special AIF of an institutional investor. The White House, developed by GTC Group, was completed in summer of 2018 and has a gross lettable area of 22,300 square metres. The property is fully occupied, the main tenants being investment fund manager BlackRock, Jaguar Land Rover and the Dutch co-working provider Spaces. The average lease term is 8.2 years. It was agreed not to disclose the purchase price.

M7 Real Estate has appointed Savills as the property manager for its recent office acquisitions, Green Park, Mazovia Plaza and Delta 44, thereby extending its cooperation with the advisor.

One United Properties has completed the concept of its new office project One Cotroceni Park.  The new project can offer a floorplate up to 8,000 sqm, addressing companies in search of a headquarter efficiency solution.

According to Cresa’s report, Katowice’s office stock has increased by nearly 9% over the year to almost 520,000 sqm at the end of the first quarter of 2019. More than 30,000 sqm is expected to be added to Katowice’s office stock by the end of this year.

Automotive parts supplier Continental Romania is investing €27 million to expand its office building in Iasi. The new building will have eight floors and a total built-up area of over 21,000 square metres. Completion of the project is scheduled for March 2020.

Łódź’s office market has been well-balanced in terms of demand and supply for several years. According to Cresa’s latest report, the office stock of the Łódź market has increased by nearly 8% year-on-year and amounted to 471,200 sqm at the end of Q1 2019. Take-up in the first quarter of 2019 reached 15,100 sqm, up more than 50% on the same period in 2018.

Tenants are still eager to choose Warsaw's Służewiec district for their headquarters. The district also has a rapidly developing residential sector. These factors are enhancing the district’s image as an attractive place to live.  Nearly 35,000 sqm of office space was leased in Q1 2019, 3,900 apartments delivered to the market in the last three years with transactions worth over €600 million concluded in the office market since 2015 - JLL analysed investor activity in Warsaw’s Służewiec Przemysłowy.

On the 30th of August 2019, Iulius and Atterbury Europe will open the first phase of the Iulius Town Timişoara project (formerly known as Openville), the largest real estate investment in the region, adding up to more than €220 million. This is the first mixed-use development in the west of Romania.

Cushman & Wakefield Echinox was commissioned to manage the Eminescu Office building, which has recently been delivered in Bucharest, near Piaţa Romană. This is the third office building that has been taken over for management purposes by Cushman & Wakefield Echinox since the beginning of the year, with the Asset Services department being responsible for the day-to-day management of the building, tenant relationship management, operational supervision, financial services and ownership reporting, through on-site specialists and also from the company’s headquarters, coordinated by Mihaela Petruescu, Head of Asset Services.