ARTICLES LABELLED WITH TAG off-market
07
Jun
2022
Jun
2022
Office demand in Prague is now at pre-pandemic levels
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.
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05
Jun
2020
Jun
2020
Allianz RE buys Budapest office building in off-market deal
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.
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Latest news
- RC2, Antares Management sell 4-star hotel in Mamaia
- Trigea acquires Wola Center in major Warsaw office deal
- Panattoni delivers 15,000 sqm factory for E.G.O. in Łódź
- P3 signs new Mexen deal for 41,000 sqm warehouse in Poland
- SCF launches retail park fund targeting 10% annual returns
- CEE property markets set for growth in 2026 amid supply gaps and modernization
- Jared Kushner abandons plans for Trump-branded hotel in Serbia
- Hubix invests €20 million in resi project near Bucharest
- DL Invest Group buys Platan Park Warsaw
- Offices still dominate – What could challenge them next?
New leases
- Olimpia Gallery in Bełchatów, managed by EPP, has signed new and extended lease agreements covering nearly 2,500 sqm. Bel-Pol will open a new store of approximately 1,200 sqm, while Rossmann and CCC will expand their stores to over 600 sqm each starting next year.
- Eeze, the casino software and tech provider headquartered in Malta with offices in London, has leased 1,200 sqm of office space in Bucharest-based AFI Park Floreasca. The transaction was brokered by Crosspoint Real Estate.
- Garmin, specializing in technology and GPS products for various markets, has leased 8,000 sqm across the UBC Tower and UBC Riviera buildings near Iulius Mall Cluj.
New appointments
- CBRE Investment Management announced the firm is evolving the leadership model in its EMEA Direct Real Estate business. Under the enhanced structure, Rik Eertink will assume the role of President and CIO of EMEA Direct Real Estate, after serving as President of EMEA Direct Real Estate for the past five years.
- Nhood has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. She previously held leadership positions at large real estate firms, such as Cushman & Wakefield Echinox and CBRE Romania.
- Daniel Orczyk has been named Senior Project Manager at the technical advisory department of Avison Young in Poland. He is a licensed structural engineer and building site manager with over 20 years of experience.
