JLL has successfully rented out the Albatros Business Centre in Prague 1. Almost 3,500 sqm of space on Národní třída will be occupied from spring 2019 by Spaces, a global coworking giant of Dutch origin, which will become a major tenant of the building next to Česká spořitelna. This opening of the first branch in the Czech Republic indicates a growing interest in this type of office.

JLL appointed of Robert Sztemberg as Business Development Director at JLL’s Capital Markets Department, which specializes in providing investment advisory services on commercial real estate sales and acquisitions, from large offices and retail centers to industrial portfolios and hotels.

The first six months of 2018 haven’t been the strongest for the Hungarian investment market but the current pipeline of deals leaves much room for optimism regarding the remaining months of the year. Benjamin Perez-Ellischewitz MRICS, Regional Director and Head of Capital Markets Hungary at JLL talked to us about new investments, rising asset classes and game-changing technologies. 

Tri-City is becoming increasingly popular amongst global players looking for optimal location conducive to further business development. Furthermore, the growing business image of the region is contributing to a great deal of interest in office space and boosting developer activity on the local market. JLL estimates that by 2021 the total office stock in the Tri-City area may exceed 1 million sqm.

JLL has been appointed as the exclusive leasing agent for Heweliusza 18 – an office scheme developed in the centre of Gdańsk by Apollo-Rida.

JLL has appointed David Vais as head of its Industrial Agency in the Czech Republic. Vais joins JLL from CTP Invest, where he worked for over 4 years as Senior Business Development Manager for the Czech and Slovak Republics.

According to new data from JLL, by the end of H1 2018, total office stock in Wrocław exceeded one million sqm. In the first half of the year, tenants signed deals for more than 58,000 sqm while the market gained another 100,000 sqm of space.

1.16 million sqm of modern office stock, demand hitting 77,200 sqm and 300,000 sqm of space under construction – this is the current situation on the office market in Kraków at the end of H1 2018. The market has grown nearly fourfold in the last decade, according to JLL.

The CEE investment market continues to perform well in 2018 but investors are becoming increasingly cautious, driven by rising interest rates and the changing attractiveness of certain asset classes. Mike Atwell, Head of Capital Markets Czech Republic and Lead Director CEE at JLL talked to Property Forum about investor sentiment, financing and transparency.

PNK Group, an international industrial real estate developer from Russia, entered the European market with the opening of its new industrial park - PNK Park Sereď in the Western Slovak region. The park comprises a 45,000 square meters of Class A industrial space across two completed facilities.