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News ESG and modern standards drive up costs for Prague offices
23
Aug
2023

ESG and modern standards drive up costs for Prague offices

by Property Forum
High demand and a lack of new projects have caused Prague's office vacancy rate to fall. It currently stands at 7.26%. The volume of new construction and refurbishments accounted for approximately 143,600 sqm at the end of Q2 2023, and the total market size was 3.85 million sqm. Benchmark rental prices did not change from the previous quarter; however, the price of office fit-out (equipping them with necessary features) is increasing due to ESG and modern standards. Such outlays can easily exceed €1,000 per sqm, according to a survey conducted by Colliers. 
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News Millennium Tower I in Budapest secures huge tenant
17
Aug
2023

Millennium Tower I in Budapest secures huge tenant

by Property Forum
Austrian company CA Immo has concluded a long-term lease agreement for approx. 8,000 sqm of office space in Millennium Tower I, situated in the Millennium City Center, a large complex just off the river Danube. Cushman & Wakefield and Newmark VLK acted as agents and advisors on the deal.
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News High5ive in Kraków gets WELL Core & Shell certification
16
Aug
2023

High5ive in Kraków gets WELL Core & Shell certification

by Property Forum
Skanska has obtained the WELL Core & Shell certification at the Gold level for Building C of the High5ive office complex located in Kraków. This is the first project in the city to be awarded such certification at the highest score.
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News E.ON to start operations in Cluj-based Record Park
09
Aug
2023

E.ON to start operations in Cluj-based Record Park

by Property Forum
E.ON Business Services Cluj, part of the German group E.ON, will relocate to a  new office space in Record Park, the mixed-use project developed by Speedwell, and owned by AYA Properties Fund. The fit out works for the new office have been completed and the company is expected to start operations in the new space soon.
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News Immocap's new tower in Bratislava nears completion
08
Aug
2023

Immocap's new tower in Bratislava nears completion

by Vera Tumova
Bratislava's downtown has a new tall building. The Mill, by developer Immocap, is nearing completion and recently took down the scaffolding to reveal the final form of the high-rise project, real estate website yimba.sk reports.
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News The HOP in Warsaw gets Well HSR certification
07
Aug
2023

The HOP in Warsaw gets Well HSR certification

by Property Forum
The HOP office project in Warsaw has been awarded the WELL Health – Safety Rating by the International WELL Building Institute (IWBI) following a complex review that covered a range of health-related factors including air and water quality.
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News Optimism prevails in Warsaw's office market despite supply gap
02
Aug
2023

Optimism prevails in Warsaw's office market despite supply gap

by Property Forum
Despite a supply gap and a low level of new completions (18,700 sqm in H1), there is a lot of optimism in the capital’s office market. Over 230,000 sqm is scheduled to be delivered in the next three years, which will significantly increase the amount of office space available to let. On the demand side meanwhile, we observe a relatively high occupier demand, whereby 2/3 of all agreements signed in H1 were new leases. AXI IMMO presents market data for the first half of 2023.
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News No new offices are being built in the Czech Republic
02
Aug
2023

No new offices are being built in the Czech Republic

by Property Forum
The floor area of newly completed office buildings in the Czech Republic fell by 20 percent last year. This year, we can expect a renewed increase, but this will be driven only by previously completed projects, with virtually no new office buildings being built this year, according to an analysis by facility management company ISS Czech Republic.
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News Mixed-use complex Liberty receives use permit in Budapest
01
Aug
2023

Mixed-use complex Liberty receives use permit in Budapest

by Property Forum
The mixed-use property development Liberty by Hungarian developer Wing has reached a major milestone. The office area in the south wing has received its use permit, and the first tenants have already moved in. At the same time, a sports store is now open on the ground floor.
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News Office tenants in Polish regional cities focus on efficiency
01
Aug
2023

Office tenants in Polish regional cities focus on efficiency

by Property Forum
According to a report published by Newmark Polska, occupier activity in Poland’s regional city office markets remains stable, but tenants are increasingly shifting their focus towards making efficient use of office space and looking for better quality offices.
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Latest news


New leases

  • Confectionery Batida has joined the tenants of the LIXA City Gardens retail concept that is being arranged in the LIXA office complex near the Daszyński Roundabout in Warsaw.
  • Vileda expanded its office located in MyHive IO-1 in Warsaw, owned by CPI Property Group, to 712 sqm. Przemysław Urbański from Avison Young Poland supported Vileda in the negotiation process.
  • The LUX MED Group extended a 2,200 sqm lease agreement in the O3 Business Campus in Kraków managed by EPP

New appointments

  • Axi Immo is developing its Capital Markets Department. As of November 2023, Jakub Grabara was appointed as Associate Director in the Capital Markets Department. He will be responsible for transactional services, i.e., acquiring, purchasing, and selling commercial real estate.
  • Romanian developer ARQA has named Alexandru Rădulescu as Chief Sales Officer. During his career, he has overseen the sale of 17 residential and mixed-use projects.
  • Multi Corporation appoints Ola Zajac as New Business Ventures Manager. Ola will be looking for new business expansion strategies and venture capital investment opportunities across Europe and will be based out of Lisbon.

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