Cushman & Wakefield has been appointed as the property manager of two Warsaw buildings in HIH Invest Real Estate’s portfolio: Feniks Office Building and Prime Corporate Center.

The used cars platform operator Spotawheel has leased over 800 sqm of office space and an additional 11,000 sqm showroom outdoor space in the Sema Parc - Paris building, which is developed by River Development.

Consulting company Walter Herz has been selected as the sole agent responsible for the commercialization of space in the Blue Office complex, which is a complementary office part of Blue City mall in Warsaw.

In Q1 2022, leasing activity in the Warsaw office market reached its highest ever first-quarter total and the vacancy rate began to show a downward trend, reveals real estate advisory firm Newmark Polska in its latest report “Office Occupier – Warsaw Office Market”.

Real estate investment company S Immo AG has purchased the Expo Business Park office project in Bucharest from Portland Trust for an undisclosed sum. 

PINK has published figures on the office market in Warsaw for Q1 2022. 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.

The Czech branch of Colliers launched a new generation of search engines for vacant office, industrial and retail space in the Czech Republic, the company announced.

Romanian developer Forte Partners says that all its office projects in Bucharest are powered solely by renewable energy as part of its sustainability strategy.

Some 82.6% of employees in Romania say that working from home has affected their relationship with their team, according to a survey conducted by office developer Genesis Property. 

The office market in Bucharest expanded by 73,500 sqm to a total stock of 3.27 million sqm at the end of the first quarter of 2022, while leasing activity expanded by 44% compared to the first quarter of 2021, according to CBRE.