The construction of a new office building on Budapest’s Róbert Károly Boulevard is about to start, as the owner of the RK60 office building, Raiffeisen Property Holding International (RPHI), has received the building permit for the project.

Primavera Development and Griffes have announced the launch of the construction of the Muse office building, to be located close to Miorita Fountain, in one of the most reputed office areas in Bucharest. The area offers unrivalled road connectivity and accessibility on DN1, towards both the heart of the city and the airport outskirts but also the high prestige of a historical neighbourhood. The total investment will exceed €16 million and is scheduled to be delivered in 2023.

Belgian group Atenor has appointed Colliers to offer complete property management services for the Dacia One and @Expo office projects in Bucharest. 

Ghelamco’s latest skyscraper at Warsaw UNIT has received a BREEAM certificate at the Outstanding level, the highest possible rating. This is the first certificate at this level for a high-rise building in Poland and the second one in Warsaw. The certificate was awarded based on the BREEAM International New Construction 2013 system.

CA Immo has selected international consultancy agency JLL as the exclusive agent responsible for the commercialisation of three buildings in its portfolio in Poland - Sienna Center, Bitwy Warszawskiej Business Center and Warsaw Spire C.

The office market is changing due to the coronavirus pandemic, albeit not as dramatically as initially expected. Offices as a concept are definitely not over and working from home is not becoming a lasting standard – it has been confirmed that it has its limitations and that personal contact is irreplaceable. A hybrid model, combining working in the office and at home, will likely be more common. Office space take-up is still below the pre-crisis figures, but the activity on the market has been growing recently. For the time being, the growth has not been enough to justify the growth in rental prices that would be necessary due to an increase in construction material prices, but both can be expected to grow in the future. The crisis has halted the progress of some schemes, so we will not see a major increase in new office stock before 2023. This could result in demand overhang, and thus in increased rents in the years to come, according to Cushman & Wakefield.

Globe Trade Centre has launched a new app – “Welcome GTC” – to ease access to building amenities and engage tenants with a more comfortable and safer workplace experience. The app is available for tenants of GTC’s properties in Poland – Aeropark in Warsaw, Globis Poznań and University Business Park in Łódż. The end goal of GTC is to introduce “Welcome GTC” to all properties across Poland and CEE in the future.

Belgian real estate Atenor has announced that RoseVille, its Class A+ office building on Bécsi Road has been awarded the BREEAM “Excellent” sustainability rating. Construction work on RoseVille is in full swing, the building is expected to be handed over in the third quarter of 2022.

Apollo-Rida, the owner and property manager of Equal Business Park in Krakow, has appointed real estate advisory firm Savills as the sole leasing agent for office space in the complex.

Flexible office stock in Poland has increased six-fold since 2015. This diversified market perfectly meets the expectations of numerous sectors, small businesses, and corporations. As the expansion of flex operators slows, fewer and fewer offices remain available to tenants both in Warsaw and on major regional markets.