The existing two buildings of Centerpoint, owned by GTC and located in the heart of the largest office district in Budapest, are set to undergo a massive technical refurbishment which is to be completed next year. 

The first tenant has already moved into the downtown office building recently modernised by Defactoring Zrt. Located in District 9, the office building has been equipped with solar panels and smart devices.

Even though the increase in the amount of new office space in Prague in Q3 2022 was the lowest so far this year and no new construction even began, according to Colliers, there is no need to worry about a lack of offices. In the coming months, developers plan to start speculative construction of approximately 126,600 sqm in new space. Despite original assumptions, the office vacancy rate in Prague, unlike in neighbouring markets, is decreasing and has reached 8.1%. Gross realised demand for 137,700 sqm was the highest level so far in 2022, reported Colliers in their regular quarterly market survey.

CTP is constructing a brand-new office building in the premium office complex Vlněna, located on a former Brno brownfield site. It aspires to be the most modern building of this type in Central Europe. This 61-metre-high glass building will be located in the centre of the Moravian metropolis, will be completed by mid-2024 and will cost CZK 600 million (€24.65 million), the developer announced.

Marius Persenea, COO of Romanian developer Iulius, spoke with Property Forum about the macroeconomic picture of the country going into 2023 and the potential of regional cities to attract property investments on the medium and long term.

Penta Real Estate has secured a bank loan of €74 million, or over CZK 1.8 billion, from two banks, ČSOB and Česká spořitelna, for the construction of the office part of the Nová Waltrovka project in Prague's Radlice district, the Czech News Agency reported.

French company Groupama Gan REIM, on behalf of the SCPI Affinités Pierre, has acquired the Green Court Office complex on Budapest's Váci Road from Codic Hungary. The complex, comprising two buildings, offers 20,181 sqm of office space.

Marian Roman has been appointed Managing Director of Europolis Office, the office division of Pavăl Holding. The move came after the holding took over seven Bucharest-based office projects from CA Immo. 

Savills, along with its flexible office specialist Workthere.pl, anticipates that flex office stock in Europe will reach circa 20% of total office stock across the continent over the next 10 years. However, this will vary significantly by location and working culture, as the definition of what is considered ‘flex’ broadens.

One of the largest office complexes in Warsaw’s Mokotów district, Marynarska Business Park, is currently undergoing extensive modernisation. The project is being carried out with particular attention to sustainability. The redevelopment will give a new appearance to the common areas of the office buildings and the outdoor area, where the 6,000 sqm concrete car park is being transformed into a publicly accessible green park. The planned completion date is Q2 2023.