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.

Cushman & Wakefield has been appointed an exclusive commercialisation agent for the Bawełnianka Shopping Centre in Bełchatów. The owner of the scheme is Krakow-based Gbb Invest Spółka z o.o.

JLL will be responsible for leasing commercial space in Airport City Gdańsk. Construction of the complex, whose usable area will ultimately total approximately 120,000 sqm, will start at the end of this year.

P3 has signed new leasing contracts with two companies in Romania, Coca-Cola HBC Romania and Mobexpert. The total space leased by the two companies in P3 Bucharest A1 park is of 5,000 sqm.