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News Polish office market enters the optimization phase
27
Jul
2023

Polish office market enters the optimization phase

by Property Forum
There are more and more vacant office spaces on the regional markets in Poland. In Warsaw, despite the decline in demand, the availability of offices is getting smaller, says Walter Herz. 
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News Office demand in Bucharest up 22% in H1 2023
26
Jul
2023

Office demand in Bucharest up 22% in H1 2023

by Property Forum
Gross demand for office spaces in Bucharest hovered around 164,000 sqm in the first half of 2023, up by 22% compared to the same period of last year, while deliveries of new office buildings will remain on a downward trend by year-end, according to data from iO Partners. 
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News ConvergenCE to hand over refurbished office building in Budapest
24
Jul
2023

ConvergenCE to hand over refurbished office building in Budapest

by Property Forum
The Academia office building in downtown Budapest has undergone complete renovation and modernization. The building will offer 12,500 sqm of office space from the first week of August. The complex has obtained the WiredScore-Gold certification and soon it will boast additional certifications, such as BREEAM, WELL and Access4you.
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News Sekyra Group to move to new HQ in Prague next year
24
Jul
2023

Sekyra Group to move to new HQ in Prague next year

by Property Forum
One year after construction began, the rough construction of one of the future A1 office building in Prague's Rohan City project has been completed. Upon completion, the building will house the headquarters of Sekyra Group, the developer of the Rohan City project, among others. It is being built on a brownfield site on Rohanský island in Prague 8, which has been unused for many years.
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News Enern and Lincoln Property to build offices in Warsaw
20
Jul
2023

Enern and Lincoln Property to build offices in Warsaw

by Property Forum
Czech investment group Enern and Lincoln Property Company, an American company operating in the European market including Slovakia, have started construction of a new office project in Warsaw called The FORM. The project was purchased by the new owners in 2021 from Penta Real Estate. Its financing includes recently issued bonds worth €30 million with an annual coupon of six and a half percent, which are managed and secured by J&T Bank. The bonds are listed and traded on the Bratislava Stock Exchange, trend.sk reports.
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News Office supply to shortly bounce back in Warsaw
19
Jul
2023

Office supply to shortly bounce back in Warsaw

by Property Forum
The Warsaw office market is seeing signs of upcoming renewed development activity, says Savills. Three new office buildings were delivered in the first half of 2023, but a significant increase in new supply is not expected until 2025.
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News Regional office markets in Poland experience stagnantion
19
Jul
2023

Regional office markets in Poland experience stagnantion

by Property Forum
The Polish Chamber of Commercial Real Estate (PINK) has published figures summarizing office market in eight major regional markets in Poland (Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Lublin, Szczecin) for Q2 2023. The data is sourced from advisory companies from the commercial real estate sector (Axi Immo, BNP Paribas Real Estate, CBRE, Colliers, Cushman & Wakefield, JLL, Knight Frank, Newmark Polska, Savills) and includes information on existing modern office stock, new completions, take-up volumes and vacancy rates.
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News Desk sharing is a new trend in Czech offices
19
Jul
2023

Desk sharing is a new trend in Czech offices

by Property Forum
Desk sharing is beginning to take root in Czech offices. Not only does it make office space usage more efficient, but it also offers employees greater comfort. In fact, companies usually invest up to half as much in standard, individual workstations as they would in traditional office layouts, reports Colliers.
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News Office vacancy rises again in Budapest in Q2 2023
17
Jul
2023

Office vacancy rises again in Budapest in Q2 2023

by Property Forum
The vacancy rate has climbed again in the second quarter on Budapest's struggling office market, reaching 12.6% after 12.2% in the previous quarter. Total demand reached 119,890 sqm in Q2 2023, which is 56% higher than the value registered in the previous quarter, the Budapest Research Forum reports.
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News Infinity office building in Wrocław is ready for use
17
Jul
2023

Infinity office building in Wrocław is ready for use

by Property Forum
The Infinity office building at ul. Legnicka 16 in Wrocław, near pl. Jana Pawła II, has received its final occupancy permit, which means that soon the complex offering almost 22,000 sqm of leasable area will welcome its first tenants. 
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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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