ARTICLES LABELLED WITH TAG lease

With the help of Cushman & Wakefield Budapest, a major software development company has rapidly signed a 7,500 sqm pre-lease at Atenor’s Váci Greens Building E. With this new transaction the office building is 40% pre-let 6 months prior to handover. This 40% comprises lease agreements with retail service providers as well, such as a restaurant, a bakery, a drogerie and customer service offices. Cushman & Wakefield’s PDS Team is providing interior design and project management services to the tenant.

Institutional investors expect that so-called ‘green’ lease clauses will be universally implemented in the real estate industry before the end of this decade, according to a new research by Savills Investment Management.

Throughout the region, CTP is offering clients the opportunity to lease warehouse space for short terms. This measure comes in response to the concerns being raised by the COVID-19 situation regarding the stability of the retail supply chain.

Although there has been a slight decline in total office demand, CBRE leased 1 million square meters of office space last year in the CEE region. For Romania’s office market, 2019 was a prolific year, with the modern stock surpassing 3 million sqm and, finally, with a reversal of classes composition: Class A became the preponderance with 53% of the total. As the main market of the country, Bucharest faced a strong demand, approximatively 386,000 sqm being leased in 2019 – an impressive 19% growth compared with 2018

EPAM Systems, a global product development, digital platform engineering, and digital and product design agency signed a 2,100 sqm new office lease contract in Debrecen’s newly developed Forest Offices in December 2019. EPAM Systems will be moving to the first floor of the five-storey office building in February 2020. Cushman & Wakefield advised Capstone Befektetési Alapkezelő Zrt representing, Garda Ingatlan Fejlesztő Befeketetési Alap the owner of Forest Offices, in the lease negotiations.

Resco, one of the global leaders in mobile business solutions, has leased more than 2,400 square meters at Nivy Tower, the newest office building by the Slovak developer HB Reavis. With this lease, the company ranks among the first tenants of the highest high-tech building in Slovakia and in April 2020 will move its Slovak headquarters together with all 100 employees to the new modern and functional premises.

Prologis has signed one of the largest leasing transactions in Europe this year. Long-term partner EURO-net will lease 160,000 square meters at Prologis Park Janki.

Building H, the recently handed-over eighth component of the Bonarka for Business (B4B) project of TriGranit in Kraków, reached an occupancy rate of 60%. This Class A building, with an overall rental area of approx. 10,000 sqm, was handed over for use in April this year, simultaneously becoming the new office of, among others, the Aterima company, a long-time B4B tenant. Due to the large demand in Kraków for Class-A offices, TriGranit plans to construct two more buildings in the office complex (I and J), with a rental area of approx. 10,000 sqm each.

Romanian retail chain Profi, controlled by investment fund Mid Europa Partners, will lease 60,000 sqm of logistics space at CTPark Bucharest West from 2020, according to Ziarul Financiar.

ExxonMobil’s Global Business Services Center has signed a lease, agreeing to occupy GTC’s entire Pillar office building, which is currently under construction and due for delivery early Q1 2022. This is the largest deal in an office building that is already under construction in the history of Hungarian office transactions. CBRE represented ExxonMobil in this record-breaking transaction.