A consortium of Santander Bank Polska and Bank Pekao S.A. granted AFI Europe and Echo Investment a construction and investment loan of €103.4 million and a VAT loan of PLN 20 million. The loan will finance the development of Office House, the first phase of the multifunctional Towarowa 22 project. It will be completed in the spring of 2025.

GTC has presented the summary of its activities in Poland in the first half of 2024. Over 35,400 sqm of office space was leased across ten buildings in Poland's largest cities. GTC’s properties attracted 14 new partners, and 18 companies chose to extend their leases.

The mixed-use development Prešovská in Bratislava by the Hornex construction company received a binding opinion from the city, and the current change indicates that the investor is striving for further acceleration of construction, reports Yimba.sk.

AFI Europe's AFI Karlín office complex in Prague has announced the arrival of new tenants. A law firm is moving its team here, and a media and entertainment company is going to open a development centre for its streaming video service in the building.

S Immo has announced the sale of HOTO Business Tower in Zagreb for an undisclosed sum. The project is located on the south-western edge of the central business district of the Croatian capital and comprises a total leasable area of around 15,500 sqm. 

In recent years, many shifts in labour market trends have occurred as companies try to navigate unpredictable social contexts and find the best arrangements for their employees while maintaining high performance. From working in the office to working completely remotely, white-collar employees have tested all scenarios, with the hybrid model emerging as the most popular, according to Marcela Stancu, Community Director at Genesis Property.

IWG’s Regus Fészek office building has opened in Pécs and has attracted Fressnapf International Business Services (FIBS) as its first tenant.

Total demand for office spaces in Budapest was up 21% year-on-year to 238,400 sqm, of which net take-up accounted for 105,860 sqm, according to the Budapest Research Forum (BRF).

CA Immo and Morgan Stanley have signed the prolongation of a long-term lease agreement for around 20,000 sqm in Budapest-based Millennium Tower office buildings I-III.  

Nearly a third of buildings on Prague’s office market are over 20 years old. This has posed a problem for many occupants because, in terms of buildings’ sustainability, they are not meeting their ESG targets.