In 2020, applications for building permits in Warsaw were pouring in, says Walter Herz. According to the Permits for the Construction of Office Buildings Warsaw 2016-2020 report, last year brought over a 40% increase in the number of filed applications for building permits for facilities offering office space in Warsaw, compared to the previous year.

Real estate developer AFI Europe Romania is investing around €1.6 million in the refurbishment of common spaces in the AFI Lakeview office project, in northern Bucharest. 

Warsaw's office sector saw the lowest volume of space under construction in 11 years along with relatively low tenant activity. However, the business services sector provides hope for the future. JLL has summarised the situation in the Warsaw office market at the end of the first quarter of 2021.

Property Forum’s latest online panel aimed to answer some of the many questions around the future of workplaces. Four experts, with the moderation of Csanád Csűrös, CEO of Property Forum, discussed workplace strategies for the post-COVID-19 world and their implications on the real estate industry.

Central Point in Warsaw has now reached its target height of 86 meters. The building, located at the intersection of two subway lines, consists of 21 floors and will offer nearly 20,000 sqm of space. Commercialization of Central Point will be handled by teams from JLL and CBRE on behalf of the owner, Immobel.

Close to half of employees in Romania would like to return full-time to offices, while more than one third would opt for the hybrid model that combines remote and in-office activities, according to a new survey by Genesis Property. 

Budapest’s office market statistics for Q1 2021 continued to reflect the uncertainties and economic slowdown triggered by the COVID-19 pandemic. While quarterly demand remained somewhat weaker than in previous years, the gap narrowed as the number of transactions showed recovery, according to the Budapest Research Forum (BRF).

International Finance Corporation (IFC), part of the Word Bank Group, is providing a €72 million loan to a subsidiary of Iulius Holding for the development of a new green office project in Iași, northeastern Romania. 

The pandemic has thrown coworking spaces into a distressing situation and some smaller market players are, in fact, finding it difficult to keep afloat. How will coworking spaces attract companies in the new post-pandemic reality? What will the flexible office of the future look like? Cushman & Wakefield is looking for the answers.

Real estate group Immofinanz says it has concluded a long-term rental contract for roughly 11,000 sqm with healthcare services provider Provita Group.