Skanska’s Wave office building in Tri-City has received WELL Core & Shell certificate. This is the first such certificate on the Tri-City market and the first at the Gold level outside Warsaw. The WELL Core & Shell certificate confirms that the investor has prioritized solutions and amenities focusing on people, their health and needs.

According to “Office Occupier: Office Market in Warsaw, Q1-Q4 2021”, a report published by Newmark Polska, despite many challenges that the office market faced in 2021, the closing months of the year brought the long-awaited stabilization. Occupier activity in the fourth quarter bounced back to pre-pandemic levels and the city’s vacancy rate remained high, albeit relatively stable. Meanwhile, developers were slowly restarting planned projects.

The Polish Chamber of Commercial Real Estate (PINK) has published figures summarizing office markets in eight major regional markets in Poland (Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Lublin, Szczecin) for Q4 2021. The data is sourced from advisory companies from the commercial real estate sector (BNP Paribas Real Estate, CBRE, Colliers, Cushman&Wakefield, JLL, Knight Frank, Newmark, Savills) and includes information on existing modern office stock, new completions, take-up volumes and vacancy rates.

Bank PKO BP inked a long-term deal to lease ca. 34,550 sqm office space in the Warsaw Skysawa project by Polski Holding Nieruchomości (PHN) to be completed in Q4 2022, PHN said in a market filing without disclosing the value of the deal.

Gross take-up on the Prague office market for the whole year of 2021 increased by 16% compared to the previous year to the level of 387,100 sqm. Prime headline rents also increased in Q4 2021 and ranged between €23.50–24.00 per sqm per month in the city centre. The Prague Research Forum published office market figures for Q4 2021.

The Polish Chamber of Commercial Property (PINK) has published figures on the office market in Warsaw for Q4 2021. The data is sourced from advisory companies from the commercial real estate sector (BNP Paribas Real Estate, CBRE, Colliers, Cushman&Wakefield, JLL, Knight Frank, Newmark Polska, Savills) and includes information on modern office stock, new completions, take-up volumes and vacancy rates.

In Q4 2021, for the second consecutive quarter, no new buildings were completed on the Budapest office market. Total demand reached 112,280 sqm in Q4 2021, representing a 38% increase quarter-on-quarter, and a 30% increase year-on-year, the Budapest Research Forum (BRF) reports.

New demand for office spaces in Bucharest soared 47% to 104,000 sqm year-on-year in 2021, while total demand volumes gained 23% to 263,000 sqm, according to real estate consultancy Colliers. 

The first phase of the Corvin Innovation Campus, with almost 17,200 sqm of office space, has reached its highest point. Developed by Futureal and located in the immediate vicinity of Corvin Promenade in Budapest, the first phase of the 30,000 sqm complex is expected to be completed by the end of 2022, while the second phase is scheduled for completion in Q4 2023.

Beverages maker Heineken Romania will relocate its HQ to a new building under development in northern Bucharest. The company will occupy 3,200 sqm, similar to the surface it has leased in the S-Park project, owned by Immofinanz, according to profit.ro.