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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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News Lidl's head office moves to Nivy Zone in Bratislava
26
Mar
2024

Lidl's head office moves to Nivy Zone in Bratislava

by Property Forum
Lidl has chosen Apollo Nivy in Bratislava as the location of its head office in Slovakia. The relocation of more than 500 employees of the discount headquarters is planned for December of this year.
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News First BREEAM certification awarded in Albania
26
Mar
2024

First BREEAM certification awarded in Albania

by Property Forum
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.
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News 36% employees in Poland’s largest cities work hybrid
25
Mar
2024

36% employees in Poland’s largest cities work hybrid

by Property Forum
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.
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Latest news


New leases

  • In June, two new outlets will open in Outlet Lublin. Ochnik has decided to expand its existing shop to 350 sqm. Fabryka Ogólnego Rozwoju has joined the tenants of the facility and leased 770 sqm.
  • Warsaw's Skyliner has gained a new tenant. Xperi, an American technology company, will occupy nearly 3,000 sqm of space in the office building.
  • Business Services Center, a networking organisation for Polish entrepreneurs under the banner of BNI, BNI+ and Corporate Connections, has joined the group of tenants in the DL Tower building in Katowice. The company will occupy a space of 240 sqm.

New appointments

  • SVN Romania appointed Gabriel Voicu (Executive Vice President), Victor Vremera (COO) and Mircea Marin (Senior Sales Project Manager) as partners of the New Homes Division. The three have provided consultancy services for residential projects counting 20,000 residential units with a combined investment of over €1 billion.
  • STERENN, a consultancy firm specializing in hospitality market entry and real estate asset sourcing, proudly announces the addition of Bryan Wilson to its Advisory Board. Bryan Wilson brings a wealth of expertise in real estate transactions, particularly within the hospitality sector. He co-founded Wilsons, a prominent law firm in Prague, and is a UK-registered lawyer and now heads up the CEE region for DUAL Asset, transactional risk insurers.
  • MLP Group’s management team has added new members - Katarzyna Misztal (Leasing Manager), Paweł Reszczyński (Senior Land Acquisition Manager), Zuzanna Pukaluk , Mateusz Sobczak (both a Project Managers) and Szymon Grochowski ( Land Acquisition Manager). In their new roles, they will be entrusted with land acquisition and preparation for upcoming projects, oversight over construction and project work, space commercialisation and tenant relationships.

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