The Prague office market in Q1 2022 experienced a further increase in vacancy, across the entire city. However, gross take-up recorded a year-on-year increase of 44% and thus returned to pre-pandemic levels. The increase in prices throughout the city is still felt especially in construction projects, mainly due to rising costs for materials and construction work, reports the Czech branch of Colliers in their regular survey.
Allianz Real Estate has purchased the Eiffel Square office building in central Budapest from Hungary’s Green Real Estate Development Investment Fund, managed by Equilor Fund Management, in an off market-deal facilitated by JLL. The transaction was signed in May and closed in early June. Even if several investment transactions were derailed by the Q2 lockdown in Hungary, the transaction progressed in line with the original time frame.
Heilind has leased approximately 4,000 sqm of warehouse and office space in the Hillwood Mysłowice park. Heilind distributes electrical and electronic installation components. The transaction was brokered by Cushman & Wakefield.
IT company Scalo is opening an office in the CitySpace space in the MidPoint 71 office building in Wrocław. The software specialists will occupy around 3.5 thousand sqm.
Heilind, a global distributor of connectors, relays and terminal blocks, has leased around 4,000 sq m of warehouse and office space in Hillwood Mysłowice. The lease transaction was brokered by global real estate services firm Cushman & Wakefield.
Garbe Industrial Real Estate CEE expands its teams in the region with the appointments of Veronika Zacha and Jan Hradecky, both are coming from Panattoni. Veronika Zacha is joining as Senior Business Development Manager for Czechia and Jan Hradecky will hold a Project Manager position.
Colin King has been appointed Strategic Advisor of Romanian PropTech Bright Spaces. King has worked for over 30 years with large public companies and private mid-cap growth businesses, all with revenue well in excess of £1 billion.
Bryan Wilson has left Wilsons as Partner and is now Head Of CEE at DUAL Asset, a London-based comprehensive title insurance solution provider.
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