The vacancy rate in Bucharest’s office market remained flat at 16.5% in the first quarter of 2022, similar to last year, although there is a growing gap between Class A projects and older buildings in areas with lower demand, according to real estate consultancy Colliers. 

Kuehne+Nagel Global Services has leased 9,000 square meters at the Airport City Belgrade Business Park, in a transaction brokered by the consulting company Coreside Savills.

The start of 2022 has seen a marked thaw in the capital's office market following the uncertainties surrounding the COVID-19 pandemic seen throughout 2021. Q1 2022 has trends including a gentle decline in vacancy rates, the second-highest volume of office take-up on record, and increased interest in flexible workspace.

The portfolio brand Form Offices responds to the growing demand for sustainable, flexible and well-designed offices in Poland. Form Offices consists of 4 modern Class A office complexes in Kraków (Tertium, Wadowicka 3, DOT by Form) and Wrocław (Cu Office). The portfolio was acquired in 2021 by Partners Group, a leading global private markets firm, acting on behalf of its clients. REINO Group is the asset manager of the Form Offices and the co-investor within the investment.

The façade, the ground floor hall, and the reception of the Atrinova office building in Budapest's CBD have been completely renewed with a modern environmentally conscious architectural approach. 

User data is highly valuable for smart buildings to create the best user experience possible and to help achieve ESG goals. The possibilities are endless and their only limit is related to privacy settings. Recently, Property Forum was invited to visit Drees & Sommer’s new net energy-plus HQ building in Stuttgart and to learn about the latest trends in building technology and sustainable development.

Cushman & Wakefield’s latest DNA of Real Estate research, covering trends in prime rents and yields across Europe, highlights further strengthening in leasing and investment markets in the first quarter of 2022 as economies fully reopen from the pandemic.

Ghelamco launches the construction of photovoltaic farms with a total capacity of 10 MW. By 2024 the company intends to achieve energy neutrality. Warsaw UNIT will be the first skyscraper in Poland powered entirely by clean electricity.

Romanian developer Țiriac Imobiliare has officially opened its new office project in central Bucharest, located near Victoriei Square. 

A consortium consisting of Austrian banks: Erste Group Bank AG and Raiffeisenlandesbank Niederösterreich-Wien AG, provided financing in the amount of up to €70 million and PLN 10 million to two special purpose vehicles from the Cavatina Holding S.A. group. implementing the Ocean Office Park complex in Kraków. The funds from the loans will be used to finance and refinance expenditure related to the construction and finishing of office buildings A and B in a multifunctional investment in Kraków's Zabłocie district.