The construction of the P180 office building, Skanska's investment, located directly next to the Wilanowska metro station in Warsaw, is entering its final phase. A symbolic topping out of the building signifies the end of construction works. The project will ultimately provide 32,000 sqm of office space. The building is scheduled to be commissioned in September 2022.

GTC is set to further develop the Matrix Office Park in Zagreb by adding another building to the complex. The third building, Matrix C, which received a building permit earlier this year, will be the newest extension to the business centre. Just like the previous two, Building C is meant to provide innovative office space, while maintaining a high ecological standard for an international tenant mix. The shell & core of the building is scheduled for completion in Q2 2023 ready for the fitting out of tenant areas.

The two office towers of Global Office Park developed by Cavatina in Katowice have been awarded an occupancy permit.

With the fifth building of the High5ive complex in Kraków receiving its occupancy permit, the entire project is coming to an end. It has provided 70,000 sqm of office space to the local office market.

Hungarian Indotek Group has purchased Băneasa Business Center, located in the northern business center of Bucharest, with nearly 10,000 sqm of leasable space for an undisclosed sum. 

There are still fewer leased and built offices than two years ago, but there is an upward trend in the office sector. Last year, some regional markets saw a sizable increase in demand, even compared to 2019, Walter Herz reports.

Premium rents in Prague to rise and interesting incentives from landlords are expected. There is also a growing interest in office rents in Brno, which is responding to the growth in rents over the past two years. Premium rents also grew slightly in Ostrava. Leasing activity in Bratislava is keeping pace with new construction and, together with Vienna, is expecting a recovery. In Warsaw, upward pressure on premium rents will grow, but there is likely to be an easing of existing incentives for tenants. Budapest is gradually recovering from the covid crisis. Rents will remain stable this year, reports CBRE.

Wola Center, the office building in Warsaw acquired by the Hines European Value Fund (HEVF 1) in 2020, and subsequently managed by global real estate firm Hines, has received a BREEAM In-Use Excellent certification.

GTC has handed over the Pillar office building in Budapest which will almost fully be occupied by ExxonMobil. This BTS project was the biggest pre-lease ever (29,000 sqm) on the Hungarian office market.

Colliers published a survey of the Prague office market for Q4 2021. It shows that the vacancy rate stopped rising last year due to weak construction and rents rose to a new high. The market with modern office space will not increase significantly even in 2022.