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News Nile House receives platinum certification
31
Mar
2016

Nile House receives platinum certification

by Ákos Budai
Nile House, part of the office project River City Prague in Prague 8 – Karlín owned by CA Immo, has received the first Platinum “LEED for Existing Building: Operation and Maintenance” certification in the Czech Republic. JLL´s Property Management team provided all the necessary support, managed the materials for this certification and coordinated the process.
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News Vacancy rate of the Budapest office market further decreases
21
Jan
2016

Vacancy rate of the Budapest office market further decreases

by Ákos Budai
Demand for office space in Budapest grew significantly in Q4 2015, while the vacancy rate reached a new record low of 12.1%. Development activity was low in the last quarter of the year, the annual supply in 2015 was 50,885 sq m, 25.4% lower than in 2014.
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News New record on the Prague office market
20
Jan
2016

New record on the Prague office market

by Ákos Budai
The Prague Research Forum announced the office market figures for the fourth quarter of 2015. Gross take-up amounted to 161,800 sq m, representing an increase of 78% compared to the previous quarter and the strongest quarterly result ever recorded on Prague office market. Also on a positive note, the vacancy rate decreased by 1.8 percentage points to 14.6% when compared to the previous quarter.
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News Falling vacancy and rising rents are expected in European office markets
27
Aug
2015

Falling vacancy and rising rents are expected in European office markets

by Ákos Budai
Europe’s prime office market vacancy rate is expected to fall back to its 2009 level by the end of 2016 and then to continue declining over the rest of the decade, according to global real estate advisor, CBRE. In Europe’s major cities, office development is not keeping pace with growing demand driven by improving employment trends and almost all key office markets are expected to show falling vacancy rates and accelerated rental growth over the next five years.
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News Rental growth is expected in Budapest
26
Aug
2015

Rental growth is expected in Budapest

by Ákos Budai
Rents on the Budapest office market are set to rise according to Cushman & Wakefield, involved with leasing more space than any other agent in the market. The continued recovery is driven by sound economic, demand and supply fundamentals.
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News Record-breaking deal on Warsaw office property market
17
Apr
2015

Record-breaking deal on Warsaw office property market

by Ákos Budai
Ghelamco Poland has signed a record-breaking agreement for the lease of office space at Warsaw Spire. The new tenant will take nearly 22,000 square metres in the A-class building whose occupancy rate has now soared to over 50%.
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Latest news


New leases

  • The family shopping centre M1 Kraków, managed by EPP, is strengthening its gastronomic, service and sports offer. The group of new tenants includes Sports Direct, which is making its debut in the capital of Małopolska, as well as the oriental restaurant Asia Mama and the pet shop Maxi Zoo. In recent months, Cukiernia Sowa has also opened its doors to customers. MediaMarkt, McDonald's, HalfPrice and 4F, which presented an enlarged salon in the new BLACK concept, have decided to continue their cooperation with the Kraków facility and modernise their premises. All signed contracts cover over 6,000 sqm of space.
  • Mammut, the Swiss brand specializing in outdoor sports equipment, is set to open its first branded store spanning 130 sqm in Romania. The store will be located in Cluj-Napoca, within the Rivus mixed-use urban regeneration project, developed by the Iulius Group in partnership with Atterbury Europe.
  • Trane Poland Sp. z o. o., Hamelin Polska Sp. z o. o. and e-Xim IT SA are three new tenants at the Oxygen Park office complex on ul. Jutrzenki in Warsaw. All three companies began operations in the development owned by Golden Star Estate at the beginning of May this year, occupying a total of nearly 1,700 sqm of space. All of the leases are long-term.

New appointments

  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.
  • Maciej Wieczorkiewicz is joining the Avison Young Technical Advisory team in Poland. Maciej is an experienced engineer with many years of experience in managing fit-out projects and investments in the commercial property sector. During his career development, he has worked for companies such as Made In Terior, TECAS Fitout and Colliers Define.
  • Tomáš Fabian has taken on the responsibility of leading the Czech commercial development team at Skanska as Executive Vice President Operations Czech Republic, while still keeping the current responsibilities as Executive Vice President Legal Counsel (CEE).

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