Total demand for offices in Warsaw during Q1 2019 was more than 140,000 sqm. Approx. 750,000 sqm of space is under construction. Tenant activity is expected to grow, and the market is waiting for spectacular projects to be finalized. JLL summarised the Warsaw office market in Q1 2019.

Developers are revising their strategies. The convenience centre and mixed-use projects segment is growing. 2019 could see 430,000 sqm of new retail space in Poland. JLL summarised conditions on Poland's retail market at the end of Q1 2019.

Spaces has leased 2,700 sqm in the mixed-use Wroclavia centre. Experts from JLL advised Spaces on the negotiation of lease terms. The developer - Unibail-Rodamco-Westfield - was represented by Knight Frank.

DBK, a Czech retail specialist, has acquired a majority share in Europark – Štěrboholy, a shopping centre in Prague 10 from Austrian developer, SES Spar European Centers.

Anna Bartoszewicz-Wnuk, Anna Młyniec, Agata Sekuła and Savvas Savva have been appointed Members of the Management Board of JLL in Poland. All four of them join Tomasz Trzósło (Managing Director & President of the Management Board), Małgorzata Żółtowska and Kazimierz Kirejczyk (Vice-Presidents) to strengthen JLL's position on the real estate market in Poland.

The Romanian office market started promising in 2019, given that in the first quarter, approximately 124,500 square meters were leased nationwide, almost 41% more than in the first quarter of last year.

Generali Real Estate, on behalf of Generali Europe Investments Holding (GEIH) Fund, has acquired Piękna 2.0, a landmark office building in Warsaw, from an investment fund advised by Griffin Real Estate.

JLL has been chosen by the White Stone group to manage two office buildings on Cybernetyki St. in Warsaw. Since taking over the management of Cybernetyki 7 and 7a St., JLL is now responsible for a wide range of services in the management of the properties, which includes maintaining relationships with tenants as well as supervising technical, operational and administrative issues. The company began managing the two office buildings shortly after they were bought by the White Stone group.

What is Warsaw residents' favourite shopping destination? Shopping centres. In this regard, the residents of Poland's capital differ from the residents of Madrid, Paris or Berlin, who prefer to visit stores located on their respective high streets. However, according to a new report by JLL, with the maturing shopping centre market, the popularity of high streets is increasing as well. As a consequence, high streets have a chance to come back into favour as alternative locations and diversify the expansion strategies of retailers.

JLL has provided space for 2 new branches of the international provider of co-working offices Spaces. In November this year, Spaces open in the low-energy building Nile House in Karlín, where they will occupy more than 3,500 sqm. One month later, they will take over 3,300 sqm in the SmíchOFF office building in Prague 5. At the same time, Spaces announced its first location in Hungary. The co-working operator will move into GTC White House in Budapest in Q4 2019. CBRE acted as adviser to the deal.