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.

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. 

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.

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.

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. 

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.

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.

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.

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.

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.