According to the latest report published by Newmark Polska, tenants in the Warsaw office market continue to carefully review their needs, including potential office locations, while landlords are actively adapting the standard of office space to occupier requirements. New leases, including pre-lets, accounted for more than half of all deals recorded in the third quarter, but renegotiations still represented a large proportion of total take-up. At the same time, there is still a strong interest in ESG solutions and their implementation.

Lux Med Group, a provider of private healthcare services market in Poland, has leased more than 13,000 sqm of office space in Atenor's Lakeside property. Occupying more than half of the building's space, Lux Med has therefore become Lakeside's biggest tenant, whereas the deal is the largest single office transaction of the Warsaw office market so far in 2023. The new Lux Med office will open in the second half of 2024.

The market is transforming fundamentally but offices are here to stay, while traditional occupiers appreciate the flexibility option for workspaces, concluded speakers of the office investments panel of CEE Property Forum 2023, held in Vienna.

The office vacancy rate in Budapest increased to 13.2%, representing a 0.6 pps growth quarter-on-quarter and a 2.2 pps increase year-on-year. Two smaller buildings have been handed over while the demand has increased by 14% compared to the previous quarter, the Budapest Research Forum (BRF) reports.

Czech developer Contera has opened Organica office building in Ostrava. The grand opening was attended by representatives of the main client, the Scandinavian company Tietoevry, as well as the Mayor of Ostrava and the Governor of the Moravian-Silesian Region. 

Garanti BBVA bank has extended its lease in YUNITY Park project for the next five years, maintaining its 7,200 sqm HQ in the building owned by Genesis Property. With the recent transaction, the lender will reach 20 years of constant presence in the same business campus. 

Deloitte has renewed the office lease agreement for its three delivery centres spanning 12,500 sqm in Bucharest-based Oregon Park, owned by Lion’s Head.

The Carol Davila University has completed the purchase of the Quest boutique building in central-eastern Bucharest in a deal brokered by Crosspoint Real Estate. 

Workspace startup Nooka Space has announced the appointment of Irina Leca as CEO of the company, as well as the raising of a new investment round worth €2 million. 

Property developer Portland Trust has inked a partnership with Griffes for managing the leasing and commercial operations of Bucharest-based J8 Office Park.