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News Warta Tower in Warsaw to change name to V Tower
30
Jan
2024

Warta Tower in Warsaw to change name to V Tower

by Property Forum
V Tower is the new name for Warsaw's well-known office building, formerly known as Warta Tower. The renaming of this complex at 85/87 Chmielna Street is just one stage of the revitalization project led by Cornerstone Investment Management. As part of the modernization process, the property is to be equipped with modern systems and solutions, meeting the standards of ecological and technological certifications, 
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News Low supply and ESG are key drivers on Warsaw's office market
29
Jan
2024

Low supply and ESG are key drivers on Warsaw's office market

by Property Forum
According to a report published by Newmark Polska, 2023 on the Warsaw office market was a year of stable occupier demand, moderate development activity and continued adaptation of tenants to evolving work patterns. Other notable factors impacting the capital’s market included the growing demand for sustainable and high-tech offices, which in turn led to an increase in refurbishment projects.
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News Penta shows winning design for Prague project
24
Jan
2024

Penta shows winning design for Prague project

by Property Forum
Penta Real Estate has announced the results of the architectural competition held last year for a new building in Hybernská Street in Prague, on the site of the former post office building. Seven invited teams from the Czech Republic and Slovakia have participated in the competition.
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News Service centers remain a key tenant group in Polish offices
23
Jan
2024

Service centers remain a key tenant group in Polish offices

by Property Forum
Although employment in the shared services sector is growing by the year, this has not led to stronger demand for office space. However, SSC/BPO/R&D centres remain key office tenants in Kraków and Wrocław. Warsaw also continues to feature on corporates’ radars, says Newmark Poland.
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News Imagine office complex in Wrocław to be refinanced
23
Jan
2024

Imagine office complex in Wrocław to be refinanced

by Property Forum
Avestus Real Estate has signed a loan agreement to refinance the Imagine office complex in Łódź. The loan for a total of €23.9 million was provided by mBank S.A.
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News Kész Group to build new office building in Szeged
22
Jan
2024

Kész Group to build new office building in Szeged

by Property Forum
Hungarian developer and construction company Kész Group will build a 5,300 sqm office building in the heart of the important Southern city of Szeged. Lufthansa Systems Hungary has already secured space there. The handover is scheduled for Q2 2025.
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News Office vacancy increases again in Budapest in Q4 2023
22
Jan
2024

Office vacancy increases again in Budapest in Q4 2023

by Property Forum
Total demand in 2023 amounted to 464,570 sqm, while net take-up reached 238,250 sqm in the same period. Total demand increased by 19%, while net take-up showed a 21% growth compared to 2022, the Budapest Research Forum (BRF) reports.
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News Hagag drops office purchase in Bucharest
19
Jan
2024

Hagag drops office purchase in Bucharest

by Property Forum
Hagag Development Europe has withdrawn from negotiations with SNC-Lavalin for the purchase of an office building in Bucharest, in a deal estimated to have reached over €8 million.
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News Forte Partners gets LEED certification for Bucharest office
17
Jan
2024

Forte Partners gets LEED certification for Bucharest office

by Property Forum
Romanian developer Forte Partners has obtained the LEED v4 Platinum certification for its U•Center 2 office building based in Bucharest.
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News ESG to gain importance in flexible offices
11
Jan
2024

ESG to gain importance in flexible offices

by Property Forum
Despite significant headwinds across the global economy, the European flexible office market has remained largely resilient throughout 2023, says Workthere.pl. In 2024, the flexible office specialist expects operators to continue to seek best-in-class spaces with a greater focus on amenities and sustainability offerings.
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Latest news


New leases

  • The shopping centres managed by EPP, Wzorcownia in Włocławek, Galeria Solna in Inowrocław and Galeria Olimpia in Bełchatów, are extending their offer with the assortment of Pitbull, one of the most recognisable sportswear brands in Poland. The area covered by the leases amounts to over 250 sqm.
  • Flowserve Hungary Services has leased 2,550 sqm of office space in the Liberty mixed-use building in Budapest. The company will move into this Autumn.
  • DB Logistic has signed a new lease agreement at SEGRO Logistics Park Gliwice. The company has decided to expand occupied space by a third to a total of nearly 5,000 sqm.

New appointments

  • Prologis' Warsaw team has gained a new director. As of 1st of April, Marzena Tkaczuk has joined the team of development experts. As Capital Deployment Director, she will be responsible in particular for the implementation of build-to-suit projects.
  • Hagag Development Europe has named Ana-Maria Nemțanu as Leasing Director. She has over 17 years’ worth of experience in the local real estate industry.
  • Emilia Dębowska has been promoted to the position of Head of Sustainability Europe of Panattoni. In her new role, she will be responsible for Panattoni’s integrated sustainable development strategy encompassing both the company’s business goals and the development of its projects in Europe for every country in which the developer is active.

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