ARTICLES IN Office TOPIC

18
Oct
2016

New office buildings push vacancy up in Budapest

by Ákos Budai
The vacancy rate has increased for the first time in two years on the Budapest office market in Q3 2016. Still, net absorption reached a positive volume, reflecting a healthy market environment. The Budapest Research Forum has published its quarterly office market analysis.
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17
Oct
2016

Futureal Group starts new office development in Budapest

by Ákos Budai
Futureal Group is extending its portfolio with a new office building. Located at the Váci office corridor, Advance Tower is the second phase of the group’s ongoing project that involves the development of nearly 100 square meters of office space in the capital. 
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17
Oct
2016

Poznań’s Maraton secures new tenant

by Ákos Budai
Sii has leased over 3,400 sqm of space from Skanska in Poznań’s Maraton office building in order to design an office for both its current team and 200 new specialists who will be employed by the end of 2018. 
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13
Oct
2016

Brasov’s Coresi Business Park expands

by Ákos Budai
L1 building, belonging to the second phase of Brasov’s Coresi Business Park, with an area of 8,300 sqm, was delivered in September 2016. There are ongoing construction works on the second new building, N1, with 8,500 sqm, planned for delivery in Q2 of 2017. Coresi Business Park now totals over 30,000 sqm of a class office space and aims to reach 100,000 sqm in the coming years.
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13
Oct
2016

JLL to manage HB Reavis’ West Station I building

by Ákos Budai
HB Reavis has selected JLL as the property manager of West Station I in Warsaw. JLL will be responsible for maintaining relations with tenants and supervising the technical, operational and administrative aspects of the building.
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07
Oct
2016

Budapest’s first office building to be renovated

by Ákos Budai
The owner of East-West Business Center, which is the oldest modern office building of Budapest, has decided to start refurbishment of their landmark property.
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05
Oct
2016

PwC expands in Silesia Business Park

by Ákos Budai
PwC has decided to extend its office space in Silesia Business Park in Katowice by over 2,000 sqm and plans to employ over 300 specialists. As a result, 100% of the leasable space in building A of the complex is leased now.
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04
Oct
2016

Warsaw's Q22 secures new tenant

by Ákos Budai
Global law firm White & Case has signed a lease agreement for 2,500 sqm of modern space in the Q22 office building. The firm will relocate to its new office by the end of 2017 and will occupy floors 37-38 as well as part of floor 39. JLL represented White & Case during the process of selecting a new office and negotiating the lease terms.
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29
Sep
2016

LPP moves into Waterside in Gdansk

by Ákos Budai
Clothing company LPP SA, owner of brands such as Reserved, Tallinder, Mohito, House, Crops and Sinsay, decided to move into the Waterside building in Gdansk by leasing an office of more than 1,000 sqm. Knight Frank, acted as sole agent on behalf of the property’s owner, the Deka Immobilien fund.
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29
Sep
2016

Skanska starts new Kraków development

by Ákos Budai
Skanska has laid the cornerstone for its third Kraków office project, High5ive. In the first phase of the project two buildings will be constructed by Q4 2017 with a GLA of 23,500 sqm. Upon completion the entire complex will offer 70,000 sqm of leasable space. 
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