Prague’s modern office stock located within a 10-minute walking distance from a metro station grew from 2.54 million sqm to 2.69 million sqm between Q4 2017 and Q1 2019, taking the amount of Prague offices located within this walking distance to 77% of the total stock, according to the third annual edition of the Prague Office Metro Map from Colliers International Czech Republic.

Colliers International is to manage the Graffit office building, located in the Warsaw’s Mokotów district. Zeus Capital Management acquired the property in January 2019 and is managing it on behalf of a selected group of investors.  

Ceetrus Romania has completed the third phase of the Coresi Business Park office project, following an investment of €14 million.

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.