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News BSS sector drives Poland’s office markets
31
May
2018

BSS sector drives Poland’s office markets

by Property Forum
The key catalyst behind the further growth of Poland’s regional office markets is the BSS sector, which is increasingly expanding into smaller cities as tenants continue looking for attractive alternatives outside Warsaw. This is benefiting such locations as Krakow, Wrocław and Tricity and all the regional markets are seeing multiple modern office projects underway in response to the growing occupier demand.
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News Siemens modernises its Prague HQ with CPI PG
31
May
2018

Siemens modernises its Prague HQ with CPI PG

by Property Forum
Siemens CR and CPI PG announced that they signed an agreement to extend the lease and complete a total renovation of City West office buildings in Prague - Stodůlky, where Siemens CR headquarters have been located since 2010. The contract has been extended until 2027 and will undergo extensive modernisation of offices, common areas, parking spaces and specific outdoor areas. The common goal is to improve and beautify the employee work environment, reflecting Siemens' development needs within its headquarters in the Czech Republic.
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News Wing hands over new Ericsson HQ in Budapest
31
May
2018

Wing hands over new Ericsson HQ in Budapest

by Property Forum
On May 29th, 2018, Budapest’s Ericsson House was officially handed over. This new building, developed by Wing, features not only offices but also one of the Swedish company’s largest European Research & Development centres. The 24,000 sqm property, built in the first phase of the development project of the Hungarian Nobel-Prize Winners’ R&D Park, satisfies both the needs of today and tomorrow due to its cutting-edge technology and execution. As shown by its LEED Gold certification it upholds the highest standards of environmental consciousness. The new HQ will house 1800 workers. Now, with the handover of the Ericsson House, the development of the adjacent site may commence as the second phase of the project.
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News Growing appetite for Łódź office buildings
31
May
2018

Growing appetite for Łódź office buildings

by Property Forum
Nordea, Infosys, Fujitsu and Harman opened offices in Łódź a long time ago. Other firms are now following in their footsteps. Commerz Systems recently announced its entry into the Łódź market, says Marta Pyziak, Head of the Łódź Office of Cresa Poland.
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News New areas rise on Prague’s office market
22
May
2018

New areas rise on Prague’s office market

by Property Forum
Whilst Prague 4 is the largest market, over the next two years, most of the new supply will be delivered to Prague 8. In perspective, it could overtake Prague 1 by market share and become the third largest office submarket in the capital. In 2018 and 2019, almost 27% of new offices that are currently under construction will be completed in Prague 8. The largest of the planned projects is Palmovka Open Park, thanks to which office space in Prague 8 will expand by almost 25,000 sqm at the end of Q2 2018. Regarding the intensity of construction, Prague 4 is in second place with 22% of the offices under construction. The third place belongs to Prague 5, where 19% of new construction will be completed.
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News New commercial districts start to take shape in Łódź
22
May
2018

New commercial districts start to take shape in Łódź

by Property Forum
In terms of size, Łódź is currently the sixth largest regional office market in Poland. Investors are attracted by the city's extensive pool of specialists and an increasingly strong business brand. Experts from JLL indicate that the increasing maturity of the Łódź office market is contributing to the development of state-of-the-art office clusters in the city.
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News Good prospects for Bucharest offices
16
May
2018

Good prospects for Bucharest offices

by Property Forum
Nearly 55% of last year’s supply of new offices in Budapest came in the form of two schemes: Timpuri Noi Square I & II (33 000 sqm) and The Bridge (36 000 sqm). It is thanks to these developments that the total office stock in Romania’s capital reached the threshold of approx. 3.2 million sqm. BNP Paribas Real estate’s analysis highlights that tenant expectations in respect of high-quality space made developers focus mainly on supplying Class A office buildings to the market.
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News Warsaw office users demand quality retail offer
16
May
2018

Warsaw office users demand quality retail offer

by Property Forum
Colliers International has carried out research into retail units in the Warsaw’s office buildings. The study covered approximately 300 buildings and a survey was carried out on a sample of 200 employees. Colliers experts asked respondents about their expectations about the quality of the retail and service units in their workplace and what they have available at present.
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News Sound demand for office space in Poland
16
May
2018

Sound demand for office space in Poland

by Property Forum
The Polish office market closed Q1 2018 with sound demand, a drop in vacancy rates and 1.8 million sqm of office space under construction. JLL summarised the situation on the Polish office market in Q1 2018.
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News Futureal develops its largest office project in Budapest
09
May
2018

Futureal develops its largest office project in Budapest

by Property Forum
Futureal Group is developing its biggest office project in Budapest, next to Hungary’s largest multimodal transportation hub. Budapest ONE Business Park will expand the capital’s office market with more than 65,000 square meters of GLA. The first phase of the WELL Building Platinum pre-certified complex designed as a ribbon building will be handed over in H2 2019.
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Latest news


New leases

  • Endava has leased an additional 2,400 sqm in the UBC 1 building, part of the Palas Iași mixed-use complex owned by Iulius. This expansion brings its total office area to 5,500 sqm.
  • 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.

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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