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News CTP to complete Brno brownfield office project this year
25
Apr
2024

CTP to complete Brno brownfield office project this year

by Property Forum
The Vlněna brownfield project in Brno, which was purchased in 2007 by CTP, is now entering its final phase. This year, the developer is planning to complete the first office building in this project.
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News Availability of prime offices in central Warsaw shrinks
25
Apr
2024

Availability of prime offices in central Warsaw shrinks

by Property Forum
According to the latest report published by Newmark Polska, the Warsaw office market is entering a period of an increased focus on the repurposing and refurbishment of office buildings. As office availability in central Warsaw declined in the first quarter of 2024, occupiers’ interest shifted towards non-central locations. Development activity remained stable but relatively weak, with a significant concentration of new office projects in central zones, which accounted for nearly 90% of the total office stock under construction.
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News More retail emerge at offices in Warsaw
23
Apr
2024

More retail emerge at offices in Warsaw

by Property Forum
Already 64% of Warsaw’s office buildings offer at least one retail or service unit, reveals Cushman & Wakefield. With new retail supply remaining low across Warsaw, retailers and service providers are increasingly looking for alternative locations. In addition, recent years have seen a significant shift in user preferences regarding the use of office space and types of services available in office buildings.
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News Passerinvest finishes first stage of brownfield development in Prague
19
Apr
2024

Passerinvest finishes first stage of brownfield development in Prague

by Property Forum
Passerinvest Group has opened the Roztyly Plaza office building, approved in March, to its tenants. It is located in Prague 11, next to the metro station Roztyly.
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News Which CEE city has the lowest office fit-out costs?
11
Apr
2024

Which CEE city has the lowest office fit-out costs?

by Property Forum
Bucharest still has some of the lowest fit-out costs in the region for offices, despite an increase of around 15-20% during the past 12 months, according to Cushman & Wakefield Echinox data. Office fit-out costs in Bucharest have an average of €943 per sqm, which is 32% below Warsaw and Prague, and 32% above Sofia, which has the most advantageous costs in the region.
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News Futureal finishes Wratislavia Tower retrofitting
11
Apr
2024

Futureal finishes Wratislavia Tower retrofitting

by Property Forum
Futureal Investment Partners, a member of Futureal Group, has finalized the ESG repositioning of its Wratislavia Tower in Wrocław, Poland. During the process, the building also received a BREEAM Excellent in-use certificate. The retrofitting project followed Futureal's "Office Impact Strategy," whereby older office buildings are being redeveloped to meet modern ESG market standards.
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News JTRE aims for carbon-neutral project in Bratislava
09
Apr
2024

JTRE aims for carbon-neutral project in Bratislava

by Property Forum
For 10 years, developer JTRE has been planning a project for Nové Lido on the Danube’s right bank in Bratislava. This new urban district is foreseen to rejuvenate the area between Old Bridge and Apollo Bridge in Petržalka.
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News Bucharest office leasing soars 71% in Q1 2024
09
Apr
2024

Bucharest office leasing soars 71% in Q1 2024

by Property Forum
Office leasing in Bucharest reached 97,400 sqm in Q1 2024, up 71% compared to the same period of last year, while take-up transactions that cover relocations and new demand were flat year-on-year at 33,000 sqm, according to a CBRE report.
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News Regional office market in Romania tops 1 million sqm
04
Apr
2024

Regional office market in Romania tops 1 million sqm

by Property Forum
New office deliveries in regional cities totaled 83,000 sqm in 2023 and the total leasable area has climbed close to 1.1 million sqm, according to a Cushman & Wakefield report. Offices in regional cities of the likes of Cluj-Napoca, Timișoara and Brașov represent around 30% of the corresponding total in Bucharest.
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News Cluj-Napoca drives office leasing among regional Romanian cities
29
Mar
2024

Cluj-Napoca drives office leasing among regional Romanian cities

by Property Forum
Office leasing in regional cities reached 37,441 sqm during 2023, equivalent to 18% of the space leased on the Bucharest market in the same period, according to a Fortim Trusted Advisors report.
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Latest news


New leases

  • SoftServe has opened an office in the Lubicz Park building in Kraków's Grzegórzki district. The software company has taken up approximately 660 sqm.
  • Global brokerage firm Mercer, part of the Marsh McLennan Group, has renegotiated its lease at the myhive Nimbus building in Warsaw and remains at 7,300 sqm. As of 2021, the building is owned by CPI Property Group Poland.
  • Baskervill, an international architectural, engineering, and design firm, opened up its office in Gdańsk. A 200-sqm space is located in Officyna building.

New appointments

  • Zuzanna Paciorkiewicz, PhD, has been appointed as Head of Asset Services CEE at Cushman & Wakefield following her tenure as Co-Head with Ondřej Fukal.
  • Walter Herz consulting company has announced promotions in the Marketing and Sales team as well as the Tenant Representation team. Karolina Migdał-Koleśnikow has taken on the position of Sales & Marketing Director, and Michał Porzycki has assumed the role of Head of Tenant Representation Warsaw.
  • The Management Board of Polski Holding Nieruchomości S.A. has appointed Maciej Klukowski as a member of the Management Board for Real Estate Asset Management.

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