News - Net absorption recovers on Budapest's office market in Q1 2022
26
Apr
2022

Net absorption recovers on Budapest's office market in Q1 2022

by Property Forum
Vacancy went further up and only three new buildings have been added to the Budapest office market in the first quarter of 2022. Total demand reached 80,750 sqm, representing a 7% increase year-on-year, the Budapest Research Forum (BRF) reports.
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News - PINK summarises regional office markets in Poland in Q1 2022
26
Apr
2022

PINK summarises regional office markets in Poland in Q1 2022

by Property Forum
The Polish Chamber of CommercialReal Estate (PINK) has published figures summarizing the office market in eight major regional markets in Poland (Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Lublin, Szczecin) 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, Savills) and includes information on existing modern office stock, new completions, take-up volumes and vacancy rates.
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News - Codic proceeds with mixed-use development in Budapest
21
Apr
2022

Codic proceeds with mixed-use development in Budapest

by Property Forum
The building, developed by Belgian firm Codic and called HomeWork has recently reached its final structure. Apart from 15 luxury flats, a total of 3,600 sqm of office and retail space will be available. A restaurant and a cafe will also serve the needs of tenants.
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News - Savills to lease  West Forum offices in Wrocław
20
Apr
2022

Savills to lease West Forum offices in Wrocław

by Property Forum
Real estate advisory firm Savills has been appointed as sole letting agent for office space in West Forum in Wrocław. The office complex is owned by GNT Ventures Properties managed by TFG Asset Management.
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News - Romanian proptech opens office in London
20
Apr
2022

Romanian proptech opens office in London

by Property Forum
Bright Spaces, the Romanian proptech startup, has launched its first international subsidiary in London, as part of its scale up strategy. 
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News - C&W to manage HIH buildings in Warsaw
19
Apr
2022

C&W to manage HIH buildings in Warsaw

by Property Forum
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.
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News - Spotawheel leases 11,800 sqm in Bucharest-based Sema Parc
14
Apr
2022

Spotawheel leases 11,800 sqm in Bucharest-based Sema Parc

by Property Forum
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.
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News - Walter Herz to commercialise Blue Office in Warsaw
13
Apr
2022

Walter Herz to commercialise Blue Office in Warsaw

by Property Forum
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.
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News - Newmark: Supply gap becomes a fact in Warsaw
13
Apr
2022

Newmark: Supply gap becomes a fact in Warsaw

by Property Forum
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”.
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News - S Immo buys Expo Business Park in Bucharest
13
Apr
2022

S Immo buys Expo Business Park in Bucharest

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


New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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