ARTICLES IN Office TOPIC

02
Oct
2019

Wrocław office market remains robust

by Property Forum
Wrocław is one of the most rapidly developing business centres in Poland and the third largest office market in the country. The city's office supply at the end of the first half of 2019 was 1.1 million sqm. The attractiveness of the Wrocław market is luring many employees from other cities, and as a result, up to 75% of specialists in Wrocław's business services sector are from outside the city, according to JLL.
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30
Sep
2019

Tri-City office stock to reach one million sqm by 2021

by Property Forum
Tri-City continues to attract investments and the three cities' office sector continues to expand. The uniqueness of the Tri-City market is underpinned by the fact that the largest office complex in Poland is located here. What's more, Poland's first office park to be located within an airport is planned for Gdańsk, while Gdynia will offer unique office space situated on the waterfront. According to last year's JLL estimates, in 2021 Tri-City will be the third-largest regional market with office supply exceeding one million sqm.
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30
Sep
2019

Atenor moves into next phase of Budapest project

by Property Forum
Atenor has opened a new showroom in Aréna Business Campus Building A that is under construction in Budapest. The building will be handed over in Q2 2020. At the same time, construction of Building B has already been started.
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26
Sep
2019

HB Reavis takes out €140 million loan for Budapest project

by Property Forum
HB Reavis has received a new syndicated loan from Erste Group and Raiffeisen Bank International Group (RBI Group) for the construction and development of Agora Budapest. The recently signed facility amount of €140 million makes it one of the largest in the Hungarian real estate sector. The financing club is led by Erste Group as book-runner and facility agent. Erste Group and RBI Group will finance the Agora Budapest project with equal parts.
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26
Sep
2019

Pre-leases drive Kraków’s office market

by Property Forum
Kraków is continuing its good run as Poland's second largest office market. During the first six months, lease contracts for nearly 135,000 sqm were signed in Kraków which equates to 44% of demand for modern office space outside Warsaw. The most notable transactions in H1 2019 signed both in Kraków and in the largest regional markets in Poland were a record pre-let by UBS for 19,600 sqm in Fabryczna Office Park, a pre-let by Sabre for almost 16,000 sqm in the Tischnera Office, and an 11,200 sqm renewal by Akamai in the Vinci Office Building.
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26
Sep
2019

JLL to lease Airport City Gdańsk

by Property Forum
JLL will be responsible for leasing commercial space in Airport City Gdańsk. Construction of the complex, whose usable area will ultimately total approximately 120,000 sqm, will start at the end of this year.
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23
Sep
2019

Prague’s office supply to grow by 17 buildings in 2019

by Property Forum
The number of office schemes built in Prague this year is the highest in the last five years: a total of 17 new buildings providing office space will have opened by the end of the year. The last time the market reached such a high figure was in 2014 – at the time, it was 18 schemes. In the meantime, the number was one-third lower, about 11 buildings on average.
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17
Sep
2019

Public institutions move into modern offices in Poland

by Property Forum
Do Polish public administration units move with the times? It turns out that more and more of them indeed do - the number of state-owned institutions that have decided to lease space in modern office buildings have markedly increased in the past few years, according to JLL’s latest report.
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16
Sep
2019

Robust occupier activity pushes Katowice’s vacancy rate down

by Property Forum
Nearly 70,200 sqm of office space is currently under construction on Katowice’s office market, according to Cushman & Wakefield. Of the six projects underway, the largest is Face2Face Business Campus, comprising two phases with a total of 46,800 sqm.
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16
Sep
2019

Lublin’s office stock to expand in 2021

by Property Forum
Lublin’s total office stock remained unchanged at the end of June 2019, flatlining at 191,200 sqm, according to Cushman & Wakefield. Despite the lack of new supply, occupier activity was healthy, which pushed the city’s vacancy rate down to 10.6%, representing a 9.1 pp decrease year-on-year.
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