Park Avenue Tower in Tirana has become the first Albanian office project to secure BREEAM Design Stage certification with an Excellent rating, a level in alignment with European standards for commercial investments. The process of certification was conducted by experts from Colliers Poland with support from the Colliers Albania team.

After four years of a pandemic-induced disruption it is now clear that although hybrid working is not the dominant pattern, it is here to stay. New research from Cushman & Wakefield has found that 27% of Polish people combine in-office attendance with home office, whereas that figure for cities with a population of over 500,000 stands at 36%. Meanwhile, employers and property managers keep looking for ways to incentivise employees to come to the office more frequently. Employees working hybrid schedules value the office particularly for well-equipped spaces for focused work and for fostering collaboration and relationship building, reveals the report from Cushman & Wakefield. At the same time, 47% of respondents are against being mandated to work a fixed number of in-office days.

CPI Romania has named Cushman & Wakefield Echinox as manager of Expo Business Park in Bucharest.

The details of development financing of the new office complex by Corwin in Ljubljana have been revealed. The developer has succeeded in securing a €75.6 million loan for Vilharia, arranged by Erste Group, with Banka Sparkasse d. d., Slovenia and EXIMBANKA SR as participating lenders.

UAE-based property developer Eagle Hills plans to build a completely new city centre in Budapest. Plans contain several highrise offices, residential and retail units, including the tallest tower in Europe.

Flex office services provider IWG continues to grow its presence in Hungary, reaching a total of 25 locations by the end of 2024, including 18 overall in the capital.

Demand for offices in Poland remains high, but there is the least amount of space under construction in over a dozen years. The office real estate market is changing more and more, says Walter Herz. 

Vastint Romania will start the development of the second phase of the Timpuri Noi Square project in Bucharest after it secured all permits. 

TriGranit and Revetas Capital have officially obtained the occupancy permit for the second phase of the Millennium Gardens office complex. The two phases offer 37,000 sqm of office and retail space in the vicinity of the river Danube. 

Zeitgeist Asset Management has obtained tenants for their building in the historical centre of Prague. The international law firm CMS and the European Investment Bank (EIB) have rented office space in the newly renovated Palác Dunaj building on Národní třída in Prague.