News - Futureal Group and Erste Bank sign €10m credit agreement
29
Sep
2016

Futureal Group and Erste Bank sign €10m credit agreement

by Ákos Budai
Futureal Group has successfully refinanced its Corvin Corner office building by signing a credit agreement with Erste Bank Hungary for €10.2 million
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News - BP to open new service centre in Szeged
26
Sep
2016

BP to open new service centre in Szeged

by Import Sys
BP has announced that it will be opening a new Global Business Services (GBS) centre in Szeged, Hungary, employing up to 500 people (subject to consultation) there by 2020. 
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News - Silesia Business Park secures new tenant
26
Sep
2016

Silesia Business Park secures new tenant

by Import Sys
Altium, an Australian owned international IT company, will launch its first office in Poland. The company has selected Silesia Business Park office complex in Katowice for its Poland-based operations. Altium has leased nearly 770 sqm of office space in the complex developed by Skanska Property Poland.
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News - Wing starts construction of Ericsson’s Hungarian HQ
22
Sep
2016

Wing starts construction of Ericsson’s Hungarian HQ

by Ákos Budai
Ericsson’s new Hungarian headquarters are being built on a site overlooking the Danube by Wing Zrt. This investment is the first phase of the Hungarian Nobel Prize Winners Research & Development Park. The building, which has a total area of 24,000 square meters, will house the company’s largest research and development facility outside Sweden. The building will be constructed to the strict standards of the LEED Gold environmental awareness rating. 
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News - New Budapest office building secures first tenant
22
Sep
2016

New Budapest office building secures first tenant

by Ákos Budai
The newly refurbished Buda Loft Offices has welcomed its first tenant, TransferWise. The building opened its doors officially in July, and offers 5 floors with an approximate total of 2,500 sqm for lease. Colliers International Hungary has been appointed as the exclusive leasing agent.
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News - Praha City Center welcomes new tenants
22
Sep
2016

Praha City Center welcomes new tenants

by Ákos Budai
Tristan Capital Partners, a pan-European real estate investment fund, has announced three new lease agreements in their recently refurbished Praha City Center office building. The new tenants are leasing a combined 3,000 square metres of the 16,000 square metre property.
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News - Prague office stock barely expands in H1 2016
16
Sep
2016

Prague office stock barely expands in H1 2016

by Ákos Budai
According to the latest report by Colliers International, during the first half of 2016, some 12,000 square metres of modern office space were completed in Prague. An additional 20,300 square metres is expected to follow during the second half, which will lead to 2016 being the “leanest” year in terms of development completions since 1992, with a total of only 32,300 square metres of completed offices.
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News - Office developers in Poland are more active than ever
16
Sep
2016

Office developers in Poland are more active than ever

by Ákos Budai
At the end of H1 2016, Poland’s office stock totalled 8.7 million sqm. Warsaw remains the largest office market with Kraków, Wrocław and Tricity becoming major regional office hubs. Nearly 572,000 sqm of modern office space was delivered onto the Polish market in H1 2016, setting a new semi-annual record. Cushman & Wakefield its newest report, Property Times: Office Market In A Growth Phase.
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News - Skanska secures LEED certification for Wrocław building
15
Sep
2016

Skanska secures LEED certification for Wrocław building

by Ákos Budai
The Dominikański office building, developed in Wrocław by Skanska Property Poland, has been recognized with LEED certification's highest level - Platinum. This is the second office complex in Lower Silesia's capital to “go platinum” in compliance with the most demanding office certification system in Poland. The first complex - Green Towers – was also developed by Skanska. The certification process for Dominikański was supported by Go4Energy. The building is owned by a fund managed by Union Investment Real Estate GmbH based in Hamburg.
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News - Echo investment signs two new leasing deals in Poland
15
Sep
2016

Echo investment signs two new leasing deals in Poland

by Ákos Budai
Nokia Networks has leased an office area of over 7,000 sqm in the West Link building, which is being developed by Echo Investment on Na Ostatnim Groszu Street in Wrocław. OmniOffice has joined the group of tenants of the Q22 office building in Warsaw by leasing an area of over 2,000 sqm on the second floor.
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Latest news


New leases

  • Olimpia Gallery in Bełchatów, managed by EPP, has signed new and extended lease agreements covering nearly 2,500 sqm. Bel-Pol will open a new store of approximately 1,200 sqm, while Rossmann and CCC will expand their stores to over 600 sqm each starting next year.
  • Eeze, the casino software and tech provider headquartered in Malta with offices in London, has leased 1,200 sqm of office space in Bucharest-based AFI Park Floreasca. The transaction was brokered by Crosspoint Real Estate.
  • Garmin, specializing in technology and GPS products for various markets, has leased 8,000 sqm across the UBC Tower and UBC Riviera buildings near Iulius Mall Cluj.

New appointments

  • CBRE Investment Management announced the firm is evolving the leadership model in its EMEA Direct Real Estate business. Under the enhanced structure, Rik Eertink will assume the role of President and CIO of EMEA Direct Real Estate, after serving as President of EMEA Direct Real Estate for the past five years.
  • Nhood has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. She previously held leadership positions at large real estate firms, such as Cushman & Wakefield Echinox and CBRE Romania.
  • Daniel Orczyk has been named Senior Project Manager at the technical advisory department of Avison Young in Poland. He is a licensed structural engineer and building site manager with over 20 years of experience.

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