The Iulius Company commences the construction works for the fourth office building of the total six to be included in the Openville Timişoara mixed-use development. Spanning on a 155 m height and 27 floors, United Business Center 0 (UBC 0) will be the tallest office building in Romania. The Openville project is currently under construction in the proximity of Iulius Mall Timişoara and, owing to the 130,000 sqm of office premises it will create, it hopes to become the main business hub in the west of Romania.

After the excellent results recorded in 2017, Warsaw's office market continued performing well in Q1 2018. Vacancy rates are decreasing while demand stands at 202,000 sqm. 770,000 sqm of office space is under construction. There is also a growing demand for flexible space, and state-of-the-art technological solutions. JLL summarised the situation on the Warsaw office market at the end of Q1 2018.

Gross take-up (including renegotiations and subleases) on the Prague office market in the first quarter of 2018 amounted to 85,700 sqm, representing a decrease of 51% compared to the previous quarter and a decrease of 19% in year-on-year comparison. The Prague Research Forum announced the office market figures for Q1 2018.

Wing Zrt. will develop an international flight training centre fully tailored to Wizz Air’s needs in the scope of a one-of-a-kind project in close proximity to Budapest Ferenc Liszt International Airport. The facility will be the largest flight training centre in Hungary, and one of the most modern in the Central and Eastern European region. The 3800 square metre building will accommodate three flight deck simulators (two of them full-motion simulators) and a complete aircraft fuselage with passenger compartment (allowing the budget airline’s crew to run cabin crew training). After signing a long-term lease agreement, construction began in February. The building’s structure has been built, and delivery is scheduled for the end of the year. This is the second significant development project that Wing has undertaken in the vicinity of the airport in just a short time. The ibis Styles Budapest Airport – also developed by Wing – was inaugurated in January.

The construction of the €40.4 million (HRK 300 million) Matrix Office Park in Zagreb, Polish real estate developer GTC’s newest project in Croatia, will be completed by 2019, local media reports.

JLL has been selected by Immofinanz as the property manager of the Park Postępu office complex in Warsaw. JLL took over management of the building on 1st April 2018.

JLL's Office Agency has obtained an exclusive mandate to lease Argentinská Office Building owned by SUDOP Invest in Prague 7. A lucrative office building of almost 10,000 sqm is due to be built in the second quarter of 2019 and offers its potential tenants over 6,000 sqm of offices in 7 floors.

Romanian real estate developer Genesis Property will invest €1.5 million in building an outdoor swimming pool within West Gate Business Park in Bucharest. A running and rollerblading track will also be included.

Belgian developer Atenor is starting its latest large-scale project, Aréna Business Campus which is located in the 8th district of Budapest. The real estate developer, listed on Euronext Brussels, bought the 19,000 square meters site under 30 Hungária Boulevard last September, on which a Class A+ office complex of nearly 72,000 square meters will be built.

JLL has been selected as the exclusive leasing agent for Infinity - an office scheme in Wrocław which will offer over 22,000 sqm of space. Avestus Real Estate and Tristan Capital Partners are responsible for the execution of the investment.