ARTICLES LABELLED WITH TAG office

The office space market across CEE experienced a slowdown in demand during Q1 2025, with less than 30,000 sqm of office space delivered across the region, according to Cushman & Wakefield Echinox. 

Syrena Real Estate, a Polish commercial real estate investment company, has acquired the Zaułek Piękna office building located in the heart of Warsaw's Śródmieście district from Manova Partners. The purchase was co-financed by mBank. The price has not been disclosed.

Cushman & Wakefield has summarised the performance of Poland’s largest office markets in the first quarter of 2025. In the first three months of 2025, office leasing volumes rose year-on-year by 16% in Warsaw and 27% in regional cities. Meanwhile, new supply remained low, with a rebound in development unlikely before 2027.

Romanian developer One United Properties has raised around €6.5 million in fresh capital from a group of ten investors to support the construction of the new office building for Infineon in northern Bucharest.

The 2024 results signalled a return to stability in Poland’s real estate market, accompanied by a renewed sense of optimism. Total transaction volume more than doubled compared to 2023, reflecting a strong resurgence in market activity. This positive momentum is expected to continue into 2025, supported by anticipated interest rate cuts, improved liquidity, and the emergence of numerous new opportunities across all real estate segments, says Avison Young. 

After the approval of the first stage of the Vydrica quarter at the end of last year, the only office building of this phase of the project, called Vydrica Offices by Vydrica Development, has reached this important milestone.

CA Immo has completed its strategic withdrawal from the Serbian market with the sale of the Sava Business Center in Belgrade for an undisclosed sum.  

Only one office project was completed in the Prague office market during Q1 2025, adding 8,700 sqm to the total stock of 3.96 million sqm, reveals Prague Research Forum in its Office Market Figures for Q1 2025.

Deutsche Hypo – Nord/LB Real Estate Finance has provided Olivia Seven Sp. z o.o. with a green loan for the refinancing of the office property Olivia Prime A, located in the Oliwa district of Gdańsk. The term of the loan is five years.

According to the latest report Newmark Polska, leasing activity on the Warsaw office market remained moderate between January and the end of March 2025. It was the strongest first quarter of recorded office take-up since 2022. The highest leasing activity in Q1 2025 was recorded in central locations. Office construction remained constrained compared with the record under construction volumes in 2017-2019, with no new office projects breaking ground in the first quarter of 2025. Meanwhile, office availability continued its gradual downward trajectory, especially in buildings completed after 2019, where vacancy rates remained below 3.5%.