ARTICLES LABELLED WITH TAG lease

JLL and CBRE have been jointly appointed to lease Budapest ONE Business Park, the new office development project of Futureal Group in Hungary. The two advisors will cooperate on a co-exclusive basis for the leasing of the 68,000 square meter office complex.

Each new office leasing contract signed in Bucharest last year created at least 130 new jobs. Dimitrie Pompeiu and South sub-markets made the top, with more than 200 new jobs per transaction, according to the latest JLL market report.

PRO-LOG has decided to extend the lease of 15,000 square meters of warehouse space in the MLP Pruszków I park. At the same time PRO-LOG decided to increase its warehouse space by additional 5,000 square meters to 20,000 square meters in total. All the facilities will be equipped with state-of-the-art LED lighting.

Panattoni Europe is to build a distribution and online store service centre for SMYK. The facility, which will feature 70,000 sqm at full build-out, will be erected at the Panattoni Central European Logistics Hub in Łódź. The investment will be launched in early January and will proceed in a number of phases. The first 26,000 sqm is scheduled for commissioning in June 2018. The lease transaction was mediated by JLL.Panattoni Europe is to build a distribution and online store service centre for SMYK. The facility, which will feature 70,000 sqm at full build-out, will be erected at the Panattoni Central European Logistics Hub in Łódź. The investment will be launched in early January and will proceed in a number of phases. The first 26,000 sqm is scheduled for commissioning in June 2018. The lease transaction was mediated by JLL.

Microsoft has launched a tender to consolidate its Bucharest offices in a new location. The company is looking for 20,000 sqm of modern office space and is willing to pay around €3 million a year for rent, zf.ro reports citing market sources.

Spaces, a global concept from the Netherlands and offering solutions from the area of flexible workplaces and co-working, has leased 4,200 sqm of office space in Centrum Marszałkowska. As a consequence, Warsaw will become the brand’s first location in Poland. Experts from JLL advised Spaces on the process of negotiating lease terms. Baker & McKenzie supported the company in all legal aspects. The developer of Centrum Marszałkowska - BBI Development - was represented by CBRE and Markowska - Materla law firm.

Czech online retail giant Alza has leased a 22,000 sqm warehouse at P3 Prague D8 park as increasing sales volumes put pressure on its existing logistics centres around Prague in the Holešovice District and at P3 Prague Horní Počernice park. Alza will move into the specially adapted facility – which will feature a mezzanine storage system that has the capacity to almost quadruple the total floorspace – in January (2018). Both of Alza's existing logistics centres are equipped with technology to ensure that the company can meet its delivery time promises – particularly useful during the hectic pre-Christmas season.

GTC Serbia announced that it has managed to secure lease agreements with several new brands for its latest Belgrade development, Ada Mall. The opening of the 34,000 sqm mall is scheduled for autumn 2018.

Prologis has signed a new lease agreement with ESA Group for 10,740 square metres at Prologis Park Prague-Uzice in the Czech Republic. ESA Group, one of the leading logistics companies in Central Europe, will lease Building 2, making the 97,800-square metre Prologis Park Prague-Uzice fully occupied. The company is an existing customer of Prologis at Prologis Park Prague D1 East, southeast of Prague. Cushman & Wakefield brokered the transaction.

JLL has been selected by Portuguese company Porto Office as the exclusive commercialisation agent responsible for leasing space at Porto Office A, the second phase of the office and services investment developed in Kraków.