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News European office take-up is 11% above the 5-year average
05
Sep
2022

European office take-up is 11% above the 5-year average

by Property Forum
According to Savills latest research, take-up in the European office market in H1 2022 reached 4.3 million sqm, 11% above the five-year H1 average.
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News LaSalle launches mixed-use project in Prague's centre
01
Sep
2022

LaSalle launches mixed-use project in Prague's centre

by Property Forum
LaSalle Investment Management (LaSalle) launched the development of a new premium retail and office centre, 100YARDS on the iconic Na Příkopě street in Central Prague. The project will transform three separate buildings into one mixed-use complex which will feature a landmark new shopping destination and premium office space. The opening is planned for the second half of 2024, the company says.
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News Immocap and Wood & Co to open office complex in Bratislava
30
Aug
2022

Immocap and Wood & Co to open office complex in Bratislava

by Property Forum
The Lakeside Park 02 office complex in Bratislava's Nové Mesto has already been approved and the first tenants will start moving in this September. The building is the result of cooperation between Immocap and WOOD & Company. The successful approval of the complex was announced by the developer Immocap.
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News Romanian proptech starts partnership with CA Immo Hungary
30
Aug
2022

Romanian proptech starts partnership with CA Immo Hungary

by Property Forum
CA Immo Hungary will use a 3D Digital Twin based solution developed by Romanian startup Bright Spaces. CA Immo will have five of its office buildings showcased and managed through virtual web-based platforms, emphasising its readiness to adapt the leasing and marketing process in response to the needs of today's clients.
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News Cavatina sells three office properties in Poland
24
Aug
2022

Cavatina sells three office properties in Poland

by Property Forum
Affiliates of Lone Star Funds have acquired a real estate package from Cavatina Holding S.A. After announcing their intention to go ahead with the deal in June, the parties managed to quickly bring it to a conclusion. Carbon Tower in Wrocław, Ocean Office Park A and Tischnera Office in Kraków offer a total of nearly 66,000 sqm of GLA with an average lease rate of approx. 90%. The deal amounted to more than €139 million.
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News CTP starts construction of office building in Brno
19
Aug
2022

CTP starts construction of office building in Brno

by Property Forum
CTP has officially launched the construction of a CZK 1.5 billion office building which will close the first stage of the Brno Ponávka complex development and will offer its tenants state-of-the-art technological, and environmentally sustainable solutions. At the same time, a modern urban park worth CZK 30 million is being built in the complex, as a cooperation between the developer and the City of Brno, as well as the third part of the cycle path connecting the Ponávka and Vlněna complexes.
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News Bull market to return on Poland's office market
19
Aug
2022

Bull market to return on Poland's office market

by Property Forum
The Polish office market has more than 12.6 million sqm of modern space at the end of Q2 2022. Traditionally, Warsaw remains the leader in total stock, with eight major regional markets led by Krakow and Wroclaw not slowing down. An example is Tricity, which joined the ranks of office millionaires in the second quarter of this year. Optimism from rising demand is emerging from the market picture. AXI IMMO presents a data summary for the first half of 2022 on the Polish office market.
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News Warsaw office building gets revitalised by Syrena Real Estate
18
Aug
2022

Warsaw office building gets revitalised by Syrena Real Estate

by Property Forum
HOP, a post-modern office building from the 1990s has undergone a thorough upgrade thanks to Syrena Real Estate. The process lasted nearly a year and reached completion with the opening of the Lupo Pasta Fresca restaurant by  Warsaw restaurateur Justyna Kosmala, owner of Charlotte and the Wozownia Bar. The office building has also recently obtained the BREEAM in Use certificate at the EXCELLENT level and Barrier-Free Facility awarded by the Integration Foundation. The HOP is the first of two development projects in Syrena RE’s portfolio with PineBridge Benson Elliott to undergo such transformation. Work on the other project, the Marynarska Business Park, is underway.
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News Helaba to finance Crestyl’s revitalisation project in Prague
17
Aug
2022

Helaba to finance Crestyl’s revitalisation project in Prague

by Property Forum
Helaba is providing long-term financing for Czech project developer Crestyl for the revitalisation of the well-known NR7 office building in a prime downtown location in Prague.
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News GTC’s Warsaw office buildings get certified
16
Aug
2022

GTC’s Warsaw office buildings get certified

by Property Forum
GTC has once again received LEED certifications for the Aeropark office buildings located in Warsaw. Zephirus kept its Gold level, while Nothus upgraded its rating and achieved Platinum.
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Latest news


New leases

  • Cărturești is set to become an anchor brand in the RIVUS project developed by Iulius, in Cluj-Napoca, where it will house the country's largest bookstore. The company will lease 2,500 sqm of space, spread across two levels.
  • 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.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • 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.

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