Weerts Group, the developer of the Unirii View Tower office building in Bucharest, has secured a credit facility worth €29.5 million from BCR. The funding will be used to refinance a previous loan for the office project's development. 

The Vibe office building, developed by Ghelamco in the business centre of Warsaw, has received BREEAM certification with the highest possible rating of Outstanding.

The Shire - Beyond Coworking are launching a luxury project in Warsaw’s office services market. Situated in a historic building at 37 Poznańska Street, the project will feature fully equipped, independent, serviced office modules of the highest standard. 

In the third quarter of 2024, Poland’s regional city office markets demonstrated stability, though elevated vacancy rates remained a significant challenge, hindering development activity. The combined office stock of the eight key regional cities reached 6.73 million sqm. With 1.82 million sqm of office space, Kraków continued to lead the way, ahead of Wrocław (1.37 million sqm) and Tricity (1.06 million sqm), says BNP Paribas Real Estate.

While in the 90s many companies have opened offices in several city districts, today they are trying to rationalise costs by divesting older buildings. Among the sellers is the insurance company Allianz, which thus has sold its 2 buildings in Bratislava, reports YIMBA.sk.

The new Roztyly Plaza office building in Prague 4 has become the headquarters of the automotive company Volvo Car Czech Republic and TSC Spectre. The developer and investor of the project is Passerinvest Group.

Red Bull has become a new tenant in the Churchill Square II office complex, which is managed by the investment group Českomoravská Nemovitostní (ČMN).

Close to 80% of the office stock is at risk of obsolescence in markets such as Amsterdam, Paris and London, while in CEE-based capital cities this figure stands at an average of 43%, according to a report by Cushman & Wakefield Echinox.

In total, 121,000 sqm of office premises in 6 A-class office buildings that form a significant part of the Investika real estate fund´s portfolio in Poland has achieved international environmental BREEAM certification. Four properties have been certified at the “Excellent” level, while two have obtained the “Very Good” level. Successful BREEAM certification, one of the two most widely recognized international sustainability standards for buildings, is part of Investika real estate fund´s ESG strategy.    

Leasing activity on the Warsaw office market continues unabated despite low new supply levels, pushing the vacancy rate down to 10.7% Meanwhile, pre-lets are on the rise, indicating growing occupier interest in office buildings under construction, reveals the latest quarterly report from BNP Paribas Real Estate Poland.