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News Warsaw's office market sees decrease in occupier demand
29
Apr
2021

Warsaw's office market sees decrease in occupier demand

by Property Forum
Over the year, since the COVID-19 pandemic arrived in Poland, the Warsaw office market has seen a marked decrease in occupier demand and office stock under construction amid rising vacancy rates. Although the past 12 months have been challenging for the office sector, companies are no less keen to have an office of their own, says real estate advisory firm Savills.
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News Regional office stock in Poland nears 6 million sqm
27
Apr
2021

Regional office stock in Poland nears 6 million sqm

by Property Forum
At the end of Q1 2021, the total modern office stock in Poland's eight major regional markets amounted to 5,826,400 sqm. The largest office markets in Poland (following Warsaw) were Kraków (1,574,000 sqm), Wrocław (1,226,300 sqm) and the Tri-City (913,600 sqm). The Polish Chamber of Commercial Real Estate (PINK) has published figures on the office market in eight major regional markets (Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Lublin, Szczecin) for Q1 2021.
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News Permit applications suggest stronger future office supply in Warsaw
27
Apr
2021

Permit applications suggest stronger future office supply in Warsaw

by Property Forum
In 2020, applications for building permits in Warsaw were pouring in, says Walter Herz. According to the Permits for the Construction of Office Buildings Warsaw 2016-2020 report, last year brought over a 40% increase in the number of filed applications for building permits for facilities offering office space in Warsaw, compared to the previous year.
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News AFI Europe starts refurbishment of Bucharest office project
27
Apr
2021

AFI Europe starts refurbishment of Bucharest office project

by Property Forum
Real estate developer AFI Europe Romania is investing around €1.6 million in the refurbishment of common spaces in the AFI Lakeview office project, in northern Bucharest. 
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News Office stock under construction in Warsaw hits 11-year low
26
Apr
2021

Office stock under construction in Warsaw hits 11-year low

by Property Forum
Warsaw's office sector saw the lowest volume of space under construction in 11 years along with relatively low tenant activity. However, the business services sector provides hope for the future. JLL has summarised the situation in the Warsaw office market at the end of the first quarter of 2021.
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News Will COVID-19 reduce the need for office space in the long run?
23
Apr
2021

Will COVID-19 reduce the need for office space in the long run?

by Property Forum
Property Forum’s latest online panel aimed to answer some of the many questions around the future of workplaces. Four experts, with the moderation of Csanád Csűrös, CEO of Property Forum, discussed workplace strategies for the post-COVID-19 world and their implications on the real estate industry.
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News Central Point in Warsaw topped out
22
Apr
2021

Central Point in Warsaw topped out

by Property Forum
Central Point in Warsaw has now reached its target height of 86 meters. The building, located at the intersection of two subway lines, consists of 21 floors and will offer nearly 20,000 sqm of space. Commercialization of Central Point will be handled by teams from JLL and CBRE on behalf of the owner, Immobel.
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News 45% of employees expect a full return to office life in Romania
21
Apr
2021

45% of employees expect a full return to office life in Romania

by Property Forum
Close to half of employees in Romania would like to return full-time to offices, while more than one third would opt for the hybrid model that combines remote and in-office activities, according to a new survey by Genesis Property. 
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News Pre-leases almost disappeared from Budapest’s office market in Q1 2021
20
Apr
2021

Pre-leases almost disappeared from Budapest’s office market in Q1 2021

by Property Forum
Budapest’s office market statistics for Q1 2021 continued to reflect the uncertainties and economic slowdown triggered by the COVID-19 pandemic. While quarterly demand remained somewhat weaker than in previous years, the gap narrowed as the number of transactions showed recovery, according to the Budapest Research Forum (BRF).
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News Iulius gets €72 million loan for green office investment
20
Apr
2021

Iulius gets €72 million loan for green office investment

by Property Forum
International Finance Corporation (IFC), part of the Word Bank Group, is providing a €72 million loan to a subsidiary of Iulius Holding for the development of a new green office project in Iași, northeastern Romania. 
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Latest news


New leases

  • Cărturești is set to become an anchor brand in the RIVUS project developed by Iulius, in Cluj-Napoca, where it will house the country's largest bookstore. The company will lease 2,500 sqm of space, spread across two levels.
  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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