Property developer Vastint is looking to secure permits to kick off the construction of the second phase of its mixed-use project Timpuri Noi Square (TNS) located in Bucharest. 

ConvergenCE closed the sale of the Árpád Center office building at the end of summer 2021. The property at the junction of Árpád Bridge and Váci Road was acquired by Investum Kft. During the transaction, ConvergenCE was represented by Cushman & Wakefield.

In the first half of 2021, tenants leased over 1.1 million sqm of modern office space across the capitals of the 15 CEE countries. The highest level of activity was recorded in Warsaw (249,300 sqm), followed by Prague and Budapest. The Business Services Sector continues to generate a great deal of demand and occupier activity and is one of the largest employment sectors in the region according to the “ExCEEding Borders - Office Markets & Business Services in CEE-15” report just released by Colliers.

As summer has come to an end, employers across the world have to decide where they want their employees to work from going forward. The keyword for the future will be flexibility as large employers around the globe are embracing not only working from home but also multi-location workplace strategies.

Wing, one of the largest real estate companies in Hungary, is launching a new office development. HOP Passage will be a part of Hungária Office Park (HOP), the complex at the former Siemens site on Hungária körút. With 32,000 sqm of Class A+ office space, this new building will meet environmental and accessibility rating criteria and will offer customisable offices looking out onto an inner garden to its tenants, with flexible terms. Preparatory work is to start in late 2021, and the new building is expected to be completed at the end of 2023.

Polski Holding Nieruchomości concluded an agreement with PERN on leasing office space in INTRACO Prime located in Warsaw’s Muranów district. PERN will lease two floors of the 8-storey Class A office building, which is scheduled for commissioning in early 2022.

Local developer Crestyl plans to build six office buildings as part of the new Prague district Hagibor in the vicinity of Želivského metro station. The construction of the first phase, in which EP Real Estate is also involved, will start this year. Crestyl is also gradually building five residential buildings on the site. The cost of the entire project will exceed €350 million (CZK 9 billion), local daily E15 reports.

A new survey by Genesis Property shows that 43% of Romanian employees believe that the main feature of their offices should be a healthy space, while 23% say that the workspaces should have a good resource management that includes the usage of renewable energy and efficient recycling. 

Colliers has been appointed the exclusive advisor in the commercialisation of Poznań Financial Center at 5 Władysław Anders Square in Poznań.

The IN15 Office Park in Northern Pest has changed hands. CBRE supported the seller's side in the transaction. The 19,000 sqm office building’s sale shows that there is activity in the market despite the pandemic.