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News Warsaw office market remains stable despite low supply
28
Nov
2024

Warsaw office market remains stable despite low supply

by Property Forum
Leasing activity on the Warsaw office market continues unabated despite low new supply levels, pushing the vacancy rate down to 10.7% Meanwhile, pre-lets are on the rise, indicating growing occupier interest in office buildings under construction, reveals the latest quarterly report from BNP Paribas Real Estate Poland.
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News ČMN acquires final stake of office complex in Prague
25
Nov
2024

ČMN acquires final stake of office complex in Prague

by Property Forum
Českomoravská Nemovitostní (ČMN) has completed the acquisition of the Churchill Square office complex in Prague near the Main Railway Station. It has bought the remaining 25% stake from the investment group Corporate Finance House Group.
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News Polish office market remains stable
12
Nov
2024

Polish office market remains stable

by Property Forum
Cushman & Wakefield has summarised the third quarter of 2024 on the largest office markets in Poland. Office take-up in key regional cities remained on par with the figures recorded in the same period in 2023, signifying stability on the office rental market. Meanwhile, stagnation on the supply side, coupled with limited construction activity, is likely to push vacancy rates down in the future.
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News Evo Properties mixed-use project in Bucharest to host 4-star hotel
12
Nov
2024

Evo Properties mixed-use project in Bucharest to host 4-star hotel

by Property Forum
Evo Properties, the owner of London & Oslo office buildings in Western Bucharest, has reached a 50% lease rate this year and aims to reach an occupancy rate of 85% by the end of 2025. At the same time, it continues to transform the project into a mixed-use hub that will include a premium hotel.
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News Developers return to Warsaw office market
05
Nov
2024

Developers return to Warsaw office market

by Property Forum
Developer activity in the Warsaw office space market is progressively increasing. More than 70,000 sqm finished by the end of September 2024 and around 280,000 sqm under construction in the coming years demonstrate that investors and developers are moving the industry forward. Take-up stays steady at roughly 490,000 sqm in Q1-Q3 2024. Axi Immo summarizes the present condition in the capital's office market. 
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News Office pre-leases make a comeback in Warsaw
04
Nov
2024

Office pre-leases make a comeback in Warsaw

by Property Forum
According to a report published by Newmark Polska, in the third quarter of 2024, both leasing and development activity on the Warsaw office market remained largely consistent with the levels recorded in the previous quarter. Office take-up, previously dominated by renewals, saw a notable increase in pre-lets which accounted for 22% of the total leasing volume. Meanwhile, Warsaw’s vacancy rate continued its downward trend observed since the beginning of the year.
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News Warsaw office market remains stable
29
Oct
2024

Warsaw office market remains stable

by Property Forum
Cushman & Wakefield has summarised the situation on the Warsaw office market for the third quarter of 2024. Office take-up, both in leasing volumes and transaction numbers, was comparable to that recorded in the same period in 2023. Meanwhile, muted development activity, falling vacancy rates – particularly in central locations – and shrinking land availability are likely to encourage investors to launch redevelopment projects.
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News Romania among most cost-effective markets for office fit-outs
28
Oct
2024

Romania among most cost-effective markets for office fit-outs

by Property Forum
Romania remains one of the most affordable countries in the EU for office fit-outs, with costs significantly lower than in Poland, the Czech Republic, or Western countries, according to research by iO Partners. 
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News WOOD & Co sells office building in Bratislava
25
Oct
2024

WOOD & Co sells office building in Bratislava

by Property Forum
WOOD & Company has announced the sale of the Westend Tower office building in Bratislava. This transaction is the first sale of an office building within the WOOD & Company Office Subfund portfolio and a signal of recovery in the commercial real estate market. 
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News Demand for new offices in Prague persists
23
Oct
2024

Demand for new offices in Prague persists

by Property Forum
Despite a slight increase in vacancy, demand for new offices in Prague persists. However, companies still prefer renegotiations. Lease renewals are almost always accompanied by interior modifications leading to more efficient use of space, reports Prague Research Forum in its Office Market Figures for Q3 2024.
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Latest news


New leases

  • Moto-Profil, distributors of automotive parts and accessories, has extended its cooperation with Prologis. Since 2010, the company has been developing its logistics operations at Prologis Park Chorzów, where it benefits from a warehouse of nearly 60,000 sqm.
  • A manufacturer of protective clothing and health and safety accessories, Procera, has become a new tenant of the Hillwood Częstochowa - Miasto park (southern Poland). The company will occupy nearly 4,500 sqm of warehouse and office space.
  • Europe Distribution Group has signed a lease agreement for 7,500 sqm at the MLP Wrocław logistics park. The lease includes 7,300 sqm of warehouse space and 200 sqm dedicated to office and staff facilities. The transaction was facilitated by the real estate advisory firm Sawitar Estate Broker.

New appointments

  • At the beginning of the year, Roberto Mateos, an experienced hotelier who has been with the Barceló Hotel Group for almost two decades, took over as general manager of the Barceló Warsaw Powiśle hotel.
  • Axi Immo is strengthening its organisational structure by appointing Danuta Dzierżak as Business Development Director. In her new role, she will be responsible for developing all business lines, acquiring new clients, and building relationships with key business partners in Poland and abroad.
  • Avison Young has announced several promotions within its Poland operations. In the Valuation and Advisory department, Agnieszka Bogucka and Marta Marat have both been promoted to Senior Valuer. In the Investment Advisory department, Artur Czuba has been promoted to Director. The Office Agency department has promoted Filip Filipowicz to Senior Consultant. In the Technical Advisory department, Kamil Olechniewicz has been promoted to Senior Project Manager. Additionally, Renata Zielińska took the position of Senior Consultant in the Investment department.

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