ARTICLES LABELLED WITH TAG office

29
Sep
2016

German-based asset manager buys Budapest office building

by Ákos Budai
Park Atrium – one of the most recognisable Budapest office buildings, leased to Deloitte, ING and Roche - was sold last week. German-based Asset Manager Corpus Sireo - on behalf of one of their managed accounts - has purchased the building from Accession Fund managed by GLL Real Estate Partners for an undisclosed price believed to be in excess of €50 million.
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26
Sep
2016

BP to open new service centre in Szeged

by Attila Bacsa
BP has announced that it will be opening a new Global Business Services (GBS) centre in Szeged, Hungary, employing up to 500 people (subject to consultation) there by 2020. 
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26
Sep
2016

Silesia Business Park secures new tenant

by Attila Bacsa
Altium, an Australian owned international IT company, will launch its first office in Poland. The company has selected Silesia Business Park office complex in Katowice for its Poland-based operations. Altium has leased nearly 770 sqm of office space in the complex developed by Skanska Property Poland.
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22
Sep
2016

Wing starts construction of Ericsson’s Hungarian HQ

by Ákos Budai
Ericsson’s new Hungarian headquarters are being built on a site overlooking the Danube by Wing Zrt. This investment is the first phase of the Hungarian Nobel Prize Winners Research & Development Park. The building, which has a total area of 24,000 square meters, will house the company’s largest research and development facility outside Sweden. The building will be constructed to the strict standards of the LEED Gold environmental awareness rating. 
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22
Sep
2016

New Budapest office building secures first tenant

by Ákos Budai
The newly refurbished Buda Loft Offices has welcomed its first tenant, TransferWise. The building opened its doors officially in July, and offers 5 floors with an approximate total of 2,500 sqm for lease. Colliers International Hungary has been appointed as the exclusive leasing agent.
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22
Sep
2016

Praha City Center welcomes new tenants

by Ákos Budai
Tristan Capital Partners, a pan-European real estate investment fund, has announced three new lease agreements in their recently refurbished Praha City Center office building. The new tenants are leasing a combined 3,000 square metres of the 16,000 square metre property.
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19
Sep
2016

CA Immo purchases Millennium Towers in Budapest

by Ákos Budai
CA Immo has signed a sales and purchase agreement to acquire the Millennium Towers Class A office complex comprising of 70,400 sqm GLA in Budapest, Hungary. The transaction volume of the fully rented asset amounts to €175 million, the annual rental income reaches €12 million. 
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16
Sep
2016

Prague office stock barely expands in H1 2016

by Ákos Budai
According to the latest report by Colliers International, during the first half of 2016, some 12,000 square metres of modern office space were completed in Prague. An additional 20,300 square metres is expected to follow during the second half, which will lead to 2016 being the “leanest” year in terms of development completions since 1992, with a total of only 32,300 square metres of completed offices.
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16
Sep
2016

Office developers in Poland are more active than ever

by Ákos Budai
At the end of H1 2016, Poland’s office stock totalled 8.7 million sqm. Warsaw remains the largest office market with Kraków, Wrocław and Tricity becoming major regional office hubs. Nearly 572,000 sqm of modern office space was delivered onto the Polish market in H1 2016, setting a new semi-annual record. Cushman & Wakefield its newest report, Property Times: Office Market In A Growth Phase.
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15
Sep
2016

HB Reavis sells two more office buildings in Warsaw

by Ákos Budai
International real estate developer HB Reavis has signed a preliminary sale agreement to sell two of its buildings, situated in Warsaw, to Savills Investment Management on behalf of a Global Pension Fund client. In one of the largest transactions of the year in Poland and also in Central and Eastern Europe amounting to €186 million, Savills Investment Management has acquired buildings A and B of the Gdanski Business Center in Warsaw, totalling 48,000 sqm.
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Latest news


New leases

  • Echo Investment has leased 8,500 sqm of commercial space to the Kaufland chain in the shopping center at Opieńskiego Street. The store will be opened in April 2021.
  • Barbora, the owner of the e-grocery store Barbora.pl, has leased 6,000 sqm of warehouse and office space in Ożarów II Logistics Centre. The tenant was represented during the transaction process by Cushman & Wakefield.
  • The Wola Center office building has two new tenants. Instytut Monitorowania Mediów will take 900 sqm and Moovin, interior finishing company leased 300 sqm. Both deals were signed for 5 years. Wola Center is owned by Hines Polska.

New appointments

  • Olga Szczęsna has joined JLL Poland's Office Agency Department, where she has taken up the position of director. Olga will be responsible for the commercialization of buildings from the Patrizia portfolio, including N21, Metron and G9, as well as the Central Point building, currently under construction in the centre of Warsaw.
  • JLL Romania consolidates its industrial team by recruiting Ciprian Sîrbu in order to provide Supply Chain services on the local market. Ciprian Sîrbu has over 10 years of experience in logistics, e-commerce, and industrial supply chain, completed by 7 years in which he worked in the IT field. His role within JLL is to provide advice to customers in streamlining the supply chain like the need for such services increases.
  • Simona Costache has joined Romanian developer One United Properties as Executive Director, Residential Sales. With 15 years of experience in real estate, Simona has been involved in sales, rental and facility management for residential developers in Bucharest.


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