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News Occupiers in Warsaw focus on energy and environmental efficiency
13
Jul
2023

Occupiers in Warsaw focus on energy and environmental efficiency

by Property Forum
According to the new report published by Newmark Polska, key themes defining the Warsaw office market in the first half of 2023 included waiting for new office completions and adjusting occupied space to widely popular hybrid working models. Despite new supply constraints and relatively muted development activity, the city’s vacancy rate edged down marginally in the second quarter of this year. Leasing activity reached a similar level to that of the first three months of 2023.
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News Bucharest office leasing up 48% in Q2 2023
13
Jul
2023

Bucharest office leasing up 48% in Q2 2023

by Property Forum
Office leasing in Bucharest totaled 128,915 sqm in the second quarter of 2023, up 48% compared to the same period of last year, driven by large deals closed by retail, financial and technology firms, according to a report by Fortim Trusted Advisors, a member of BNP Paribas Real Estate Alliance. 
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News Warsaw office vacancy rate drops slightly to 11.4%
12
Jul
2023

Warsaw office vacancy rate drops slightly to 11.4%

by Property Forum
At the end of Q2 2023, the office market vacancy rate in Warsaw reached 11.4% (down 0.2 pps compared to the previous quarter and decreased by 0.5 pps in relation to the comparable period in 2022). The Polish Chamber of Commercial Real Estate (PINK) has published figures on the office market in Warsaw for Q2 2023.
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News Savills to be sole letting agent for Wrocław office building
10
Jul
2023

Savills to be sole letting agent for Wrocław office building

by Property Forum
HIH Invest Real Estate has appointed real estate advisory firm Savills as the sole letting agent for vacant office space in Sagittarius Business House, located in Wrocław, Poland.
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News IWG to open four new Regus and HQ centres in Hungary
07
Jul
2023

IWG to open four new Regus and HQ centres in Hungary

by Property Forum
IWG, the world’s largest provider of hybrid working solutions with brands including Spaces, Regus, HQ and Signature, is expanding its Hungarian portfolio with four new openings, adding a total area of 5,944 sqm to its footprint. The openings are being delivered in partnerships with different locations that have chosen the IWG flexible workspace platform and have entered into a management agreement with the Regus and HQ brands.
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News Office leasing in Bucharest up 12% in H1 2023
06
Jul
2023

Office leasing in Bucharest up 12% in H1 2023

by Property Forum
The office leasing activity in Bucharest was up 12% in the first half of 2023 compared to the same period of 2022, with volumes reaching 169,000 sqm, according to a Crosspoint Real Estate report.  
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News Office buildings to become major part of urban biodiversity
03
Jul
2023

Office buildings to become major part of urban biodiversity

by Property Forum
More than three-quarters (76%) of office stock across Europe will be at risk of obsolescence by 2030 according to the latest report from Cushman & Wakefield. One of the reasons is the increased level of legislative action around sustainability requiring investors to modernise real estate to ensure ESG compliance. To take one example, commercial property landlords are required in a growing number of cities across North America and Europe to install green roofs that help increase urban biodiversity, optimise energy costs and improve the user experience.
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News Skyliner in Warsaw signs green energy for another three years
29
Jun
2023

Skyliner in Warsaw signs green energy for another three years

by Property Forum
Warsaw’s Skyliner office building has extended its contract which guarantees 100% of electricity from renewable energy sources until 2026. The supplier is the E.ON Group.
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News Hungary's MBH Bank to build new HQ in Budapest 
28
Jun
2023

Hungary's MBH Bank to build new HQ in Budapest 

by Property Forum
MBH Bank, a newly established Hungarian player in the local financial market, will launch a huge development project aiming to build its new headquarters in the most important office destination. The handover of the first phase is scheduled for Q1 2026.
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News Darren Allen, Genesis Property: Key factors that earn your employees' commute
28
Jun
2023

Darren Allen, Genesis Property: Key factors that earn your employees' commute

by Property Forum
"We have recently come across Steelcase's recent survey of 58,000 individuals from 11 countries, which has uncovered intriguing insights into what it will take to entice employees back to the office. The findings, both expected and surprising, shed light on the importance of selling rather than imposing a return to the workplace in the current competitive labour market," writes Darren Allen, Director at Genesis Property, for Property Forum.
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Latest news


New leases

  • Viking Shared Service Center Cluj has relocated its Cluj-based offices in Record Park, which is owned by AYA Properties Fund and developed by Speedwell. The lease deal was brokered by Griffes.
  • Asian restaurant Sagakura has signed a lease agreement in America House for a retail space with an area of 103 sqm and a terrace with an area of 130 sqm. Meanwhile, beverage operator Royal Bubble has leased 31.76 sqm and an additional terrace space of 26 sqm in the same building. FruFru, a healthy food & drink option, reopened following a location change in the office project. The lease deals were brokered by Chain Trust.
  • The Aura Centrum Olsztyn shopping centre saw the opening of the largest Ochnik brand store in the Warmia and Mazury region in Poland. The shop occupies an area of 433 sq m and is located in the modernised passageway of the gallery on level +2.

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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