ARTICLES LABELLED WITH TAG lease

German fashion retailer Peek&Cloppenburg has leased 5,200 sqm in the extension of the AFI Palace Cotroceni shopping mall in Bucharest. Extension work to add 6,800 sqm of GLA to the mall is to be completed in May, bringing the total leasable area up to approximately 90,000 sqm. Peek&Cloppenburg’s new store is set to open this autumn.

EPAM, an international company which is involved in the development of software and implementation of IT projects, has leased an office area of nearly 3,500 sqm in O3 Business Campus which is being developed by Echo Investment in Kraków. CBRE advised EPAM in the leasing process.

Aluplast sp. z o.o., a supplier of PVC window systems, has signed a lease for 10,000 sqm of warehouse and manufacturing space at the Logicor Poznań III distribution centre. Cushman & Wakefield represented the tenant in the lease negotiations.

TriGranit appointed the Hungarian office of CBRE with the exclusive leasing of its latest development in Budapest. The Millennium Gardens office building is being constructed alongside the Palace of Arts and the National Theatre, on the Danube side of Soroksári Road. It will offer 37,000 sqm of leasable space and it is expected to be completed by 2019. 

Altex, one the largest retailers of electronics, home appliances, IT&C and multimedia products in Romania, has doubled its lease in the P3 Bucharest industrial park by signing a new contract for 15,000 sqm of warehouse space. 

ZF TRW, a global automotive supplier, has selected Symetris Business Park – developed by Echo Investment – as the location for its new electronics engineering centre in Łódź. The company has leased nearly 2,400 sqm of space. JLL advised ZF TRW on the process of selecting the new space.

The Budapest office of CBRE has been appointed property manager and leasing agent of M7 Real Estate’s new Hungarian property portfolio. M7 Real Estate has acquired two retail centres, the Atom Center in Paks and Csillagvár in Budapest, and the Acélforma industrial hall in Dunaharaszti. The British investor has commissioned CBRE with the management and leasing of almost 22,000 sqm of GLA.

Arcona Capital has entered into a long-term lease agreement with Knorr-Bremse Group to lease a total of 2,700 square meters of office space in the administrative building in the city centre of Liberec. The building will then be fully occupied. Arcona Capital, manager of property portfolios in Central Europe, owns nearly 60 commercial properties in the Czech Republic.

Nordea Bank AB Branch in Poland is one of the new tenants of Olivia Star, a newly constructed building of the Olivia Business Centre in Gdańsk. It leased two floors there occupying nearly 2600 sqm. Colliers International supported the Scandinavian firm in this transaction.

Prague's office market has witnessed several records this year: the lowest annual office supply in history and one of the highest demand volumes. By the end of 2016, Prague´s office market will have 3,245,000 sqm of modern offices. At the same time, the Czech capital recorded the lowest annual office supply in history with only 33,600 sqm in 6 projects, On the contrary, over 180,000 sqm of new office space will be delivered to the Prague market next year.