ARTICLES LABELLED WITH TAG office

S Immo AG has purchased two properties of the Campus 6 business park in Bucharest from developer Skanska with a total investment volume of €97 million. The two buildings have a total leasable area of nearly 38,000 square metres and both are fully let. Key tenants are Microsoft and Société Générale.

As was the case in the global financial crisis, the number of companies looking for cost savings continues to grow, with some deciding to sublease their offices.

Warsaw Trade Tower, one of the tallest skyscrapers in the Polish capital is now being managed by its owner, Globalworth.

The new direction of investing is clearly visible in the commercial real estate sector. Changes in the purpose of investments and building conversions are also on the increase.

The final stage of the Cluj Business Campus mixed-use project in Cluj-Napoca has been completed following a €27 million investment. The project comprises over 30,000 sqm of Class A office space and apartments.

Almost 70% of Gen Zers dream of a good atmosphere at work and being able to hone their skills, reveals "Gen Z: A Workplace of the Leaders of the Future", a report from Cushman & Wakefield.

French real estate group Catinvest has opened the first Class A office building in Craiova, Romania. The new offices of Electroputere Parc are part of the mixed-use building covering 12,300 sqm that has been completed this year and another similar building with 12,700 sqm is set to be completed in Q2 2021. The total investment cost amounts to €39 million.

Echo Investment has finished the construction of the second stage of the Face2Face Business Campus office complex in Katowice, Poland. Capgemini, as the first of the tenants, started working in the new office at Żelazna 2.

Final interior construction works are now being carried out in the high-rise, which opened at the beginning of November this year, with the general contractor handing over the common areas. At the same time, GGH is in talks to sell Mennica Legacy Tower.

Partners Group, the global private markets investment manager, has this quarter agreed to invest in two real estate portfolios in Europe on behalf of its clients, comprising eleven residential properties in Italy and eleven office assets in Poland. The properties have a gross asset value of €500 million and a combined leasable area of 170,000 sqm.