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News Wing to renovate former congress hall in Budapest
14
Nov
2022

Wing to renovate former congress hall in Budapest

by Property Forum
As part of an office development project by Wing, the Ligeti Auditorium will undergo a complete renovation while preserving its historical heritage, according to the company's LinkedIn page.  
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News Colliers to manage Tensor office complex in Gdynia
10
Nov
2022

Colliers to manage Tensor office complex in Gdynia

by Property Forum
Colliers has taken over the management of the Tensor office complex in Gdynia, owned by the joint venture of Czech open-ended real estate fund Investika realitní fond and Luxembourg private equity investor Bud Holdings. Experts from the company's regional office will additionally be responsible for supporting the owner in the property’s commercialisation.
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News Futureal secures WELL Platinum certification for Budapest project
10
Nov
2022

Futureal secures WELL Platinum certification for Budapest project

by Property Forum
The first phase of Budapest ONE, developed by Futureal, has received a WELL Platinum certification. The office building was the first in Hungary to meet the highest requirements of the International Well Building Institute (IWBI).
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News Bucharest remains among most cost-efficient office markets in CEE
10
Nov
2022

Bucharest remains among most cost-efficient office markets in CEE

by Property Forum
Prime headline rents in Bucharest continued to increase in the third quarter, reaching a monthly level of €19.5 per sqm, compared with €18.5 per sqm at the beginning of the year. However, the capital city remains among the less expensive destinations in Europe in terms of office occupancy costs. 
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News Office supply weakens across Polish regional cities
08
Nov
2022

Office supply weakens across Polish regional cities

by Property Forum
According to a report published by Newmark Polska, the vacancy rate held firm in Poland’s regional city office markets throughout the third quarter of this year along with moderate occupier and developer activity. The need to look for savings due to high inflation and rising service charges is set to be a major challenge facing the office market in the coming quarters.
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News New Work expands operations in Budapest and Warsaw
08
Nov
2022

New Work expands operations in Budapest and Warsaw

by Property Forum
CEE-based flex office operator New Work continues to expand in its key markets. In Budapest, the company opened the second phase of its business centre in the Science Park office building in South Buda, adding 2,000 sqm of high-quality flex office space to the local market. In Warsaw, New Work opened a brand location, offering 1,135 sqm, in the Tulipan House office building in the city’s Służewiec district.
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News Prague offices wait for employees to return
08
Nov
2022

Prague offices wait for employees to return

by Property Forum
In Q3 2022, some companies in the Prague office market experienced problems with convincing employees to return to the offices. Therefore, the experts are expecting that the companies will reduce their existing leased space after their leases come to an end. Despite this expectation, 18,200 sqm of modern office space was completed and the premium rents grew and there was a decline in the vacancy rate, says a new Knight Frank report.
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News Polish office market to face significant changes
07
Nov
2022

Polish office market to face significant changes

by Property Forum
The third quarter of 2022 completes the dynamic new supply period observed in the Polish office market in recent years. Between January and September 2022, developers delivered 39 new investments, which increased the sector’s total stock by 560,100 sqm to over 12.7 million sqm. The period under review also registered intense activity on the demand side. At the end of Q3 2022, more than one million sqm was leased across Poland. However, the office market, like other sectors of the commercial real estate market, faces many challenges, including rising energy costs or the expected supply gap and rising rents. AXI IMMO presents data summarizing Q3 2022 in the Polish office market.
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News Construction activity hits record low in Warsaw’s office market
04
Nov
2022

Construction activity hits record low in Warsaw’s office market

by Property Forum
Q3 2022 in the Warsaw office market saw record-low developer activity. At the end of September, only 160,000 sqm of space was under construction. As a result, new supply is expected to drop significantly in 2023, with only 60,000 sqm of office space coming to the market, JLL reports.
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News Bucharest office leasing at 75,700 sqm in Q3 2022
03
Nov
2022

Bucharest office leasing at 75,700 sqm in Q3 2022

by Property Forum
Office leasing across the country totaled 108,747 sqm in Q3, up 9% compared to the same period of last year, with Bucharest, Iași and Cluj-Napoca recording the biggest volume of transactions, according to real estate consultancy Fortim Trusted Advisors. 
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Latest news


New leases

  • Exact Sciences, a global leader in molecular diagnostics and early cancer detection, has chosen the LIXA campus in Warsaw for its new Polish international enabling hub. The company has joined the tenants of the LIXA D office building, leasing a total of over 1,800 sqm of modern space on the first floor of the building at ul. Giełdowa 5 in Warsaw.
  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.

New appointments

  • Activ Property Services has announced the appointment of Ionuț Grigoraș as Partner in the industrial department. With more than 14 years of experience in the real estate sector, Grigoraș has worked with leading companies such as CTP, WDP, VLParks România, Logicor, P3, MDO, and MLP Group.
  • MLP Group strengthened its management structures. Maciej Müldner, a manager with over 30 years of experience in finance at international corporations and banks, joins the Management Board. He will be responsible for further strengthening the Group’s financial position.
  • Indotek Group has welcomed Viktor Nagy, who joined us in September as Head of Non-Retail Sales. With more than 20 years of experience in the real estate sector, Viktor has held leadership positions at international companies such as Immofinanz, EHL Real Estate Hungary and Atlas Estates. In his new role, he will be responsible for further developing our non-retail sales strategy and strengthening international relations.

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