UDI Group, an international development group with Czech roots, is planning a massive construction in Belgrade, Serbia. It plans to build the Duga project with 2,320 apartments and 40,000 sqm of offices on the site of a former factory for almost €392 million. Construction is expected to start next year, UDI Group reported.

In 2023, offices in Poland will be more expensive, and their availability in the top locations of the largest cities will be lower, says Mateusz Strzelecki, Partner, Head of Tenant Representation at Walter Herz.

Global Business Solutions (GBS), the largest shared services centre of the BAT group that serves BAT subsidiaries at a European and global level, will occupy an area of ​​10,500 sqm in One Cotroceni Park Phase 2. The lease transaction was brokered by Knight Frank Romania. 

Following the previous financing of four phases of the Dock In Office Park in Prague, Deutsche Pfandbriefbank (pbb) and Helaba have jointly underwritten an investment facility, totalling €63 million to refinance “Dock In Five”, the last addition to the Dock project developed by Crestyl Group. pbb and Helaba acted as joint lead arrangers and provided equal portions of the funding; pbb also acts as the facility and security agent for the transaction.

Property investor Globalworth aims to reduce greenhouse gases (GHC) emissions by 40% by 2030 compared to the baseline level of 2019. 

As we are seeing a slowing down of new office projects across Budapest and the region, occupancy has emerged as ‘king’, while energy efficiency has become the number one priority for both landlords and tenants. Property Forum asked Jake Lodge, Principal at Avison Young in Hungary about his view on the major changes in the local office market and the way landlords and tenants try to overcome mounting difficulties.

How will the current macroeconomic situation affect investment activity and further development within individual sectors, from offices to industrial and logistics complexes to retail real estate? All this is shown in CBRE's latest analysis of the Czech commercial real estate market, which also provides an updated outlook for 2023.

Mindspace, the global provider of flexible boutique office space, has published the results of its global employee survey. The goal of the survey was to illuminate new work patterns and shed light on both current and aspirational employee dynamics. The results gave insights showing how the 9 to 5 job is a dying phenomenon and the hybrid model is here to stay - with employee flexibility being the key determinant in employee satisfaction.

Brno has changed over the past two decades. A total of 635,900 sqm of office space currently exists in the city thanks to the strong growth of companies from the business and IT services and R&D sectors. Brno Spielberg, along with the city centre around Vlněná Street, has become home to companies that create advanced technologies and innovations for global businesses. The city is preparing to expand this space – it will soon add almost 100,000 sqm to the currently unoccupied 70,900 sqm of modern office space, says Colliers in its latest report.

Colliers has taken over the management of three office buildings in regional cities – Carbon Tower in Wrocław, Ocean Office Park A and Tischnera Office in Kraków – with total area of 66,000 sqm.