News - Strong demand for new Bucharest office space
14
Feb
2018

Strong demand for new Bucharest office space

by Import Sys
The supply of new Class A office space delivered in Bucharest in 2017 was absorbed almost entirely by demand, as per a report by CBRE regarding the office market in 2017, which also says 90% of the office space area completed in 2017 has already been leased.
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News - Each new lease creates over 100 jobs in Bucharest
14
Feb
2018

Each new lease creates over 100 jobs in Bucharest

by Import Sys
Each new office leasing contract signed in Bucharest last year created at least 130 new jobs. Dimitrie Pompeiu and South sub-markets made the top, with more than 200 new jobs per transaction, according to the latest JLL market report.
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News - Regional office markets in Poland grow larger
06
Feb
2018

Regional office markets in Poland grow larger

by Import Sys
Poland remains an attractive destination for investments and this is reflected in the impressive results on the office markets both in Warsaw and regional cities. With ambitious plans, investors are looking to the future with optimism. JLL summarized the situation on the Polish office market in 2017.
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News - Iulius to build Romania’s tallest office building
05
Feb
2018

Iulius to build Romania’s tallest office building

by Import Sys
By the end of last year, the office portfolio of the Iulius Company reached a total of 121,000 sqm leasable area following the opening of the second office building within Openville Timişoara, a project developed together with Atterbury Europe in the vicinity of Iulius Mall.
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News - Financial services sector drives Warsaw’s office market
02
Feb
2018

Financial services sector drives Warsaw’s office market

by Import Sys
2017 witnessed robust leasing activity that was driven largely by the financial services sector, which amid moderate supply pushed Warsaw’s office vacancy rate down to 11.7%, the lowest since Q3 2013. Cushman & Wakefield presented an overview of the Warsaw office market for 2017.
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News - Regional office markets are booming in Poland
31
Jan
2018

Regional office markets are booming in Poland

by Import Sys
The Polish Office Research Forum has published its figures for 2017 for the office market in eight major regional cities in Poland (Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Szczecin, Lublin). The market data prepared by a team of analysts includes modern office stock, new completions, take-up volumes and vacancy rates.
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News - Futureal receives three WELL precertifications
31
Jan
2018

Futureal receives three WELL precertifications

by Import Sys
Futureal Group has become the first property developer in Europe to receive the WELL Building Platinum Precertification for three of its office building projects at the same time. Advance Tower, Corvin Technology & Science Park (Corvin 5) and Budapest One Business Park have been designed and will be operated to make a positive impact on employees’ health and wellbeing. The three office complexes located in Budapest, Hungary will offer over 100,000 square meters of office space in total.
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News - Warsaw vacancy rate lowest in four years
31
Jan
2018

Warsaw vacancy rate lowest in four years

by Import Sys
The Warsaw office market recorded the second highest demand in the market's history along with record-breaking net absorption. This perfectly summarizes the sentiments on the city's office market. Furthermore, expectations for 2018 remain highly favourable, JLL reports.
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News - Strong demand for Bratislava offices
26
Jan
2018

Strong demand for Bratislava offices

by Import Sys
Total take-up on the Bratislava office market reached 84,000 sqm in Q4 2017, having tripled compared to the previous quarter. The vacancy rate continued to decline and reached 6.18%. The Bratislava Research Forum published its office market statistics for Q4 2017.
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News - New completions on Budapest's office market
18
Jan
2018

New completions on Budapest's office market

by Import Sys
Total demand on the Budapest office market in Q4 2017 reached 144,365 sqm, representing a 13% decrease year-on-year. The office vacancy rate has decreased to 7.5%, the lowest rate on record. The Budapest Research Forum published its latest figures.
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Latest news


New leases

  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.
  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.

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