ARTICLES IN Office TOPIC

06
Mar
2017

Tallest building in Łódź is under construction

by Ákos Budai
Master Management Group is developing the tallest building in Łódź. The 19-storey building will be a part of the Piotrkowska 155 mixed-use complex, currently under construction. 
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02
Mar
2017

Brno office prices to be pushed up by slow development

by Ákos Budai
2017 will deliver only 17,000 sqm of new space to the Brno office market. When considering the size of the market, together with Budapest, this is the lowest increment of new offices in Central and Eastern Europe – 3.3%. A lack of new office space may cause rental prices to increase. These figures are based on an analysis made by Cushman & Wakefield, which compares the office markets across 12 cities in Central Europe.
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02
Mar
2017

Futureal to realise Hungary's first WELL certified office building

by Ákos Budai
Futureal Group’s Advance Tower is getting closer to becoming the first office building in Hungary obtaining the Well Building Standard (WELL) certification. The International Well Building Institute’s system examines buildings’ impact on human body, health and environment and rates them based on 7 categories – air, water, nourishment, light, fitness, comfort and mind. The pre-qualification process of Advance Tower that will be built on Váci Road has already started. All further office projects of Futureal Group will be realized in line with the requirements of the Well Building international standard. 
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28
Feb
2017

Immofinanz rents over 80,000 sqm of office space in Bucharest

by Ákos Budai
Immofinanz rented approx. 80,000 sqm of office space in Bucharest during the abbreviated 2016 financial year. That represents more than 40% of the total standing office portfolio in Romania. These transactions are expected to increase the occupancy rate in the office sector in Romania from roughly 88% to more than 94%. New rentals and expansions accounted for roughly 47,000 sqm or 60% of the rented space, while the remainder represents contract extensions. 
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28
Feb
2017

Green certificate awarded to Warsaw office building

by Ákos Budai
Warsaw office building Wspólna 47/49 has been awarded a BREEAM IN-USE International certificate. It received an “Excellent” rating in Asset Performance and a “Very Good” rating in Building Management. The scheme is owned by CA Immo and Cushman & Wakefield is the property manager.
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27
Feb
2017

Serviced offices open in Polish regional cities

by Ákos Budai
City Space, an operator of serviced offices, is to open new business centres in Wrocław, Katowice and Gdańsk in the next few weeks. So far the office operator was present in Warsaw and Kraków, its dynamic expansion is an effect of joining forces with Echo Investment. 
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23
Feb
2017

Arco expands Business Park Sofia by investing €30 million

by Ákos Budai
Arco Real Property Holdings, a joint venture between Arco Capital and Deutsche Asset Management's DB Private Equity & Private Markets group, has decided to develop and construct a new office building in Business Park Sofia (BPS). The investment volume for this new building will be around €30 million.
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23
Feb
2017

CA Immo leases 12,000 sqm office space in Budapest

by Ákos Budai
CA Immo has concluded rental agreements for around 12,000 sqm of office space in Budapest. The agreements include new rentals as well as contract extensions and expansions of existing tenants.
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23
Feb
2017

Regional cities grow strongly in Poland

by Ákos Budai
900,000 sqm of office space was delivered to market in Poland in 2016 – the market's best ever result. Furthermore, demand was 1.34 million sqm. Kraków and Wrocław remain the leaders among office markets outside Warsaw, while an excellent result was recorded by Łódź.JLL summarised 2016 on the office market in both Warsaw and the other eight major cities in Poland.
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22
Feb
2017

TriGranit embarks on three new projects

by Ákos Budai
TriGranit, celebrating its 20th anniversary in business in 2017, will this year launch its newest development in Budapest, the Millennium Gardens office building that will provide 37,000 sqm GLA for future tenants from H2 2019 on the banks of the Danube, next to MÜPA and the prospective Congress Centre. In 2017, the company also plans to start the development of Building H, the eighth building in its office complex in Krakow, Bonarka for Business (B4B), providing 10,000 sqm GLA, and plans to start the second phase of Lakeside Park in Slovakia with 13,000 sqm GLA. 
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Latest news


New leases

  • IT companies drEryk and Innergy have leased space from Cavatina Holding in the Tischnera Office building in Kraków and will take up a combined 1,200 sqm.
  • Pyroll, a Scandinavian paper and cardboard manufacturer has decided to prolong the lease of 13,000 sqm of warehousing space in Diamond Business Park Stryków for another 5 years. Diamond Business Park Stryków is owned by White Star Real Estate.
  • 108 Agency has mediated a lease renewal of 5,300 sqm for Czech company Country Life in Prologis Park Prague-Rudná.

New appointments

  • Karolina Furmańska has joined the Consulting & Research team of Cushman & Wakefield Poland as a Senior Residential Analyst with responsibility for advisory to PRS clients. Prior to joining C&W, she was a member of JLL’s Living Investment Team, which was responsible for transaction advisory comprising rental apartments, purpose-built student accommodation, co-living and other income-producing assets in the residential sector.
  • JLL Hungary has appointed Balázs Agócs as Workplace Strategy Director from April 2021. JLL will expand not only with another leadership position but also with the Workplace Solutions service line. In his new role, Balázs will help JLL's customers to make faster and more efficient workplace- and real estate strategy decisions. He will closely cooperate with the teams of Tenant Representation and Project & Development Services.
  • Razvan Botezatu has been named Operations Manager of Romanian real estate developer Nordis Group. He will oversee the development strategy of the company. He has 10 years' worth of experience in the corporate sector. The group develops luxury residential and hotel projects in Bucharest and regional cities.


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