Iulius Town Timișoara has reached 80,000 sqm of premium office space accommodating 40-plus companies from three continents upon opening United Business Center 0, the fourth office building in the complex. 

Two years after the start of construction, Skanska has completed works on the P180 office building, located at the Wilanowska metro station. The building received an occupancy permit, which means that the Warsaw office market has gained an additional 32,000 sqm of office space. IT specialists from the international Netcompany moved into the newly commissioned office building, which offers the tenant 6,000 sqm of space.

All three phases of the Budapest ONE office complex have been given an official permit, Hungarian developer Futureal informed.  

Immofinanz has signed a letter of intent for the sale of its Hungarian office properties to S Immo. This transaction is taking place through close cooperation within the CPI Property Group to realise synergy effects and can be used to extend Immofinanz’s myhive office solutions to the entire group. The Hungarian portfolio includes six buildings in Budapest with roughly 124,000 sqm of rentable space. The closing of the transaction could take place before the end of 2022.

The sale of office buildings, the increase in the assets’ value and the preparatory works for the next "destination" projects are the highlights of the financial results of Echo Investment for H1 2022. 

The Czech logistics and industrial real estate markets are reporting new record numbers for the first half of 2022, and the records are certainly not over. Shopping centres and retail parks are also enjoying success, and many new spaces in this segment are expected to be completed in the next two years. Last but not least, the office market has also been doing well with almost 50,000 sqm of office space opened and half of it already pre-leased, while another almost 30,000 sqm will be completed this year, according to an analysis by CBRE experts. 

The owner and asset management company placed 437 solar panels on top of the Blue Cube office building to decrease CO2 emissions by 120 thousand kilogrammes a year.

Liebrecht & wooD has started preparations for its latest project in Warsaw’s Praga-Północ district. Drucianka Campus will be developed as part of the revitalization of Drucianka (the Warsaw Wire, Pin and Nail Factory), which will be a large-scale mixed-use complex, offering 42,000 sqm of office space and more than 7,500 sqm of additional space for retail, services and events.

Groundworks have started at this new business park in the southern part of the Hungarian capital. The first phase is scheduled to be open in June 2023. 

In the first half of the year, Globalworth’s net profit significantly improved to €32.6 million (H1 2021: €12.5 million) due to a fair value gain on investment property and an increase in the share of profit of equity-accounted investments in joint ventures. Globalworth released its interim report and unaudited consolidated financial results for H1 2022.