IBM Hungary is relocating its headquarters to Corvin Quarter in Budapest. The tech company will be moving into Futureal’s Corvin Innovation Campus in a phased co-location starting in 2023.

GLP has leased a 43,000 sqm unit at Sziget Logistics Centre to Fiege Group, a leading European logistics company that specialises in efficient supply chain solutions.

Panattoni is launching Wrocław Campus 39, its largest project in Lower Silesia. The developer has already leased almost 85,000 sqm of the park to two tenants – 78,000 sqm of which will be used for e-commerce. Currently, 160,000 sqm is under construction, half of which will be ready in September this year. Campus Wrocław 39 will eventually offer 200,000 sqm and is to be BREEAM ‘Excellent’ certified.

VGP has signed two lease agreements with OKAY, the Czech electronics and furniture retailer. The company has leased more than 50,000 sqm of warehouse space in VGP parks Vyškov and Prostějov. The new hall in Vyškov is already under construction and will be handed over in September this year, at which point the park will reach 100% occupancy. The building in Prostějov will be ready for use from January 2022. Both projects are being carried out under BREEAM Sustainable certification, level Very Good.

GLP has leased 20,000 sqm of logistics space across two logistics parks in Czech Republic and Slovakia. The company is developing further GLP Parks in Ostrava and Brno, with an additional two developments in the pipeline for next year.

One of the world’s largest IT companies has picked New Apollo, currently under construction by HB Reavis in Bratislava’s New Nivy zone, as the new home for its Slovak operations. The new tenant will occupy almost 30,000 sqm of the building’s 48,000 sqm.

Ikea extended its lease contract at Segro Logistics Park Prague in the vicinity of the Václav Havel Airport. It will continue leasing the warehouse space totalling almost 12,500 sqm in the building it uses as a goods pick-up warehouse for its customers. The lease transaction was assisted by Cushman & Wakefield.

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).

Colliers recently secured the largest agent-involved transaction in the history of the Czech industrial market. Senior Associate Lukáš Svobodník brought Sportisimo to Hrušov in Ostrava, where Contera began construction of a logistics complex for the sporting goods retailer. This new distribution centre of the Czech company will offer jobs to 700 people. The 90,000 sqm hall, with a clear height of up to 25 meters, a rare feature in the Czech Republic, is now one of the country’s biggest logistics halls.

CEE-based flex office operator New Work continues to expand in Hungary and has opened its 7th business centre in Budapest. The company has signed for 2,000 sqm of office space in the Science Park office building in South Buda.