Liebrecht & wooD has started preparations for its latest project in Warsaw’s Praga-Północ district. Drucianka Campus will be developed as part of the revitalization of Drucianka (the Warsaw Wire, Pin and Nail Factory), which will be a large-scale mixed-use complex, offering 42,000 sqm of office space and more than 7,500 sqm of additional space for retail, services and events.

Companies are now concerned with creating the best conditions to meet the employees’ needs as they resume work in the office buildings, according to data from real estate consultancy Cushman & Wakefield Echinox.

British company Hyperoptic has leased 5,000 square meters in the BIGZ business centre, in a transaction brokered by Coreside Savills.

The office leasing market in Romania has recorded a fall of 18% in gross take up in the first half of 2022 compared to the same period of last year, although Bucharest has seen a slight increase, according to a report by real estate consultancy JLL Romania.

HB Reavis has completed the construction of Varso Tower, the tallest skyscraper in the EU, designed by Foster + Partners. The first tenants will soon move in.

Rent and maintenance charges are rising, lease periods are being prolonged, and contracts are subject to higher and higher annual indexation of rates. Nevertheless, offices in all markets in Poland still enjoy record-high popularity

A 1,500 sqm mixed-use real estate development is underway in the Sóskúti Ipark Park, located next to the M7 motorway in the Budapest area. 

Revetas Capital has announced that since the beginning of 2022, 14 lease transactions have been secured in the Buma Square office complex in Kraków, Poland, with a total area of 4,512 sqm, consisting of new leases, extensions and renewals, of which 416 sqm represent new leases.

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.