News - Bucharest's AFI Tech Park achieves LEED pre-certification
04
Jul
2017

Bucharest's AFI Tech Park achieves LEED pre-certification

by Ákos Budai
AFI Tech Park, the newest office project developed by AFI Romania, achieved a LEED Platinum pre-certification. AFI Tech Park is a business campus that will offer 56,000 sqm GLA of Class A office space, comprising of two office buildings of GF+8 and one office tower (GF+14). 
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News - Erste Group completes €40 million Belgrade office complex
04
Jul
2017

Erste Group completes €40 million Belgrade office complex

by Ákos Budai
Erste Group officially opened the Sirius Offices business complex in Belgrade for tenants who are expected to enter the building soon. Erste Bank Serbia is the first tenant to move into the new business complex, which will become its main business centre in Belgrade. Beside Erste Bank, Strabag d.o.o Beograd has been secured as a second large anchor tenant, renting 4,000 square meters office space. The first phase of the investment is worth €40 million and the complex occupies an area of 18,500 square meters gross of office space. Besides office premises, Sirius Offices includes a restaurant, a shop and 230 parking places.
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News - New office development starts in Central Buda
30
Jun
2017

New office development starts in Central Buda

by Ákos Budai
Redwood Real Estate Holding (formerly known as B&L Estates), a Hungarian real estate developer has recently started the construction of the 5,000 sqm, Class A+, LEED Platinum pre-certified Ecodome office building on a speculative basis
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News - Skanska starts new development in Wroclaw
26
Jun
2017

Skanska starts new development in Wroclaw

by Ákos Budai
Skanska has launched the construction works of its Nowy Targ office project in the centre of Worlcaw. The building’s name relates to Nowy Targ square which is located nearby and which in the past served as the city's trading centre. The office project will provide nearly 22,000 sqm of flexible space dedicated to business with its delivery scheduled between Q2 and Q3 2019.
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News - Colliers to manage Bucharest's Art Business Center
23
Jun
2017

Colliers to manage Bucharest's Art Business Center

by Ákos Budai
Colliers International has been assigned by Hili Properties to provide property management services for the Art Business Center office project, which houses the largest private hospital in Romania. Thus, Colliers International reaches a managed portfolio of over 280,000 leasable sqm and enters a new segment, that of private hospitals, marking a premiere for the local property management market.
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News - Echo’s new Warsaw office project gets its first green light
22
Jun
2017

Echo’s new Warsaw office project gets its first green light

by Ákos Budai
Echo Investment has been granted a permit for the construction of the first office building which is part of the Browary Warszawskie project in the quarter of Grzybowska, Wronia, Chłodna and Krochmalna streets.
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News - TriGranit expands Krakow office complex
22
Jun
2017

TriGranit expands Krakow office complex

by Ákos Budai
TriGranit is to start the construction of Building H with an area of 10,000 sqm at the Bonarka for Business (B4B) complex in Kraków. This will be the eighth office building at B4B, one of the most popular office complexes in Kraków. At the same time, Bonarka for Business launches its new Tenant Relationship Program to serve the needs of their tenants on a higher level. 
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News - Construction stars on Timisoara mixed-use project
20
Jun
2017

Construction stars on Timisoara mixed-use project

by Ákos Budai
The Iulius Company started the construction works for a new Class A office building in Timişoara, as part of the Openville project, the largest mixed-use development in Western Romania. This is the third office building developed under the United Business Center (UBC) brand of the seven office buildings to be included in the project. With a gross leasable area upwards of 130,000 sqm, the office component of the Openville project is set to become a regional business hub.
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News - Warsaw’s Kopernik Office Buildings get certified
20
Jun
2017

Warsaw’s Kopernik Office Buildings get certified

by Ákos Budai
Warsaw’s Kopernik office complex has received a BREEAM In-Use certificate with “Very Good” ratings in both Asset Performance and Building Management. The audit, commissioned by Cushman & Wakefield, the office park’s property manager, was conducted by Go4Energy.
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News - Echo Investment acquires loan for Wroclaw office project
20
Jun
2017

Echo Investment acquires loan for Wroclaw office project

by Ákos Budai
Echo Investment concluded a contract with the PKO BP bank concerning an investment loan of nearly €32 million and a VAT loan of PLN 6 million. The funds will be used for the execution of the Sagittarius Business House office project in Wrocław.
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Latest news


New leases

  • Cordon Electronics, a specialist in electronics and advanced technologies, has renewed its lease agreement at MLP Pruszków II, in the immediate vicinity of Warsaw. The company will continue to occupy a total of 7,770 sqm of modern space, a footprint that includes 458 sqm dedicated to office operations.
  • mBank, the digital banking company in Poland, has decided to relocate its largest corporate branch in Lower Silesia to the Infinity office building in Wrocław. The company will occupy nearly 1,300 sqm on the fourth floor of the building. The tenant will move into the development owned by Avestus Real Estate and Alchemy Properties in January 2027.
  • GSP Global Solutions Provider has further expanded its cooperation with CTP by leasing an additional nearly 7,000 sqm in CTPark Budapest Vecsés on a long-term basis.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.

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