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News Varso Tower in Warsaw is completed
14
Sep
2022

Varso Tower in Warsaw is completed

by Property Forum
HB Reavis has completed the construction of Varso Tower, the tallest skyscraper in the EU, designed by Foster + Partners. The first tenants will soon move in.
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News Offices in Poland are getting more and more expensive
13
Sep
2022

Offices in Poland are getting more and more expensive

by Property Forum
Rent and maintenance charges are rising, lease periods are being prolonged, and contracts are subject to higher and higher annual indexation of rates. Nevertheless, offices in all markets in Poland still enjoy record-high popularity
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News Coninvest Group to build new HQ near Budapest
13
Sep
2022

Coninvest Group to build new HQ near Budapest

by Property Forum
A 1,500 sqm mixed-use real estate development is underway in the Sóskúti Ipark Park, located next to the M7 motorway in the Budapest area. 
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News Revetas Capital secures 14 leases in Buma Square in Kraków
09
Sep
2022

Revetas Capital secures 14 leases in Buma Square in Kraków

by Property Forum
Revetas Capital has announced that since the beginning of 2022, 14 lease transactions have been secured in the Buma Square office complex in Kraków, Poland, with a total area of 4,512 sqm, consisting of new leases, extensions and renewals, of which 416 sqm represent new leases.
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News Rents and service fees for Prague offices continue to rise
09
Sep
2022

Rents and service fees for Prague offices continue to rise

by Property Forum
The vacancy rate of the Prague Office market has not changed in Q2 2022 and remained at the same value as in the previous quarter. Nevertheless, the rents and service fees continue to rise and the volume of net take-up is the highest since the end of 2019, says Colliers.
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News White Star partners with Griffes for Liberty Technology Park
08
Sep
2022

White Star partners with Griffes for Liberty Technology Park

by Property Forum
Liberty Technology Park is one of the first technological parks in Romania, currently hosting a vibrant IT ecosystem. The 17,000 sqm office compound has been acquired by White Star Real Estate and its partners in 2019, planning to create a true mixed-use project, harmoniously blending the existing business community with new complementary areas. The first phase will include two residential buildings, currently under construction, followed by a separate building designed for a kindergarten and three office buildings, with generous retail spaces on the ground floor. Real estate consultancy company Griffes will oversee the commercial and leasing strategy of the project. 
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News Revetas Capital opens first phase of Budapest office development
07
Sep
2022

Revetas Capital opens first phase of Budapest office development

by Property Forum
The first phase of the Millennium Gardens office building has opened its doors with an occupancy rate of over 90%, following an investment of €150 million from Revetas Capital for the development of the North Tower. Millennium Gardens is part of the portfolio of assets of Revetas Capital in Hungary, the pan-European real estate investment advisor that also manages 12 retail parks across the country. The project is being developed by TriGranit, which has more than 20 years of experience and has successfully implemented more than 50 landmark projects.
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News Karolkowa Business Park to keep a key tenant for longer
06
Sep
2022

Karolkowa Business Park to keep a key tenant for longer

by Property Forum
Krajowy Ośrodek Wsparcia Rolnictwa (KOWR) has renewed its lease agreement at the Karolkowa Business Park office building, owned by the Menora Group, Shikun&Binui Group and M&A Capital. According to data from the Polish Chamber of Commercial Real Estate, ​the renegotiation of the 10,000 sqm contract is one of the largest transactions in the Warsaw office market for Q2 2022.
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News Skanska leases offices to DBH Group in Hungary, Romania
06
Sep
2022

Skanska leases offices to DBH Group in Hungary, Romania

by Property Forum
DBH Group, a Dutch-based international corporation, focusing on venture capital, flexible infrastructure & corporate services, has leased office spaces in two buildings owned by Skanska in Romania and Hungary. 
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News Advance Tower in Budapest secures WELL certification
05
Sep
2022

Advance Tower in Budapest secures WELL certification

by Property Forum
Advance Tower, located on Budapest’s Váci Road office corridor, has become the latest office building to receive a WELL certification. With the International WELL Building Institute’s (IWBI) recent acknowledgement, two out of the three already WELL-certified office complexes in Hungary were developed by Futureal. Since 2020, Advance Tower has been part of Erste Open-Ended Euro Real Estate Investment Fund’s portfolio.
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Latest news


New leases

  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.
  • SNF, a company operating in the beauty sector, has renewed its lease for approximately 2,300 sqm of warehouse and office space at Prologis Park Poznań I. Axi Immo represented the tenant in the transaction.

New appointments

  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.
  • Maciej Wieczorkiewicz is joining the Avison Young Technical Advisory team in Poland. Maciej is an experienced engineer with many years of experience in managing fit-out projects and investments in the commercial property sector. During his career development, he has worked for companies such as Made In Terior, TECAS Fitout and Colliers Define.

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