M7 Real Estate has acquired the Terrapark office complex in Budaörs, Hungary, on behalf of M7 CEREF II. The purchase is in line with the Fund’s strategy of targeting value-add and core plus office, logistics and industrial investments in the key Central European markets of Hungary, Croatia and Poland.

The BudaPart CITY office building in South Buda has received its occupancy permit. The first tenants can move into the building, developed by Property Market Kft., already in the summer.

Shares in Romanian One United Properties started trading on Monday on the Bucharest Stock Exchange (BVB). 

Real estate advisory firm Savills has been appointed as the letting agent for the office space in Diamante Plaza in Kraków.

More than 65% of Romanian employees consider their office to be only partially safe for health in the context of the pandemic, according to a new survey commissioned by Genesis Property. 

Globalworth has completed the process of updating the BREEAM certification of its Polish office buildings. In the first half of this year, another 17 buildings in the company’s office portfolio in the country obtained BREEAM In-Use certificates at the ‘Excellent’ level.

COVID-19 has completely redefined what office means and companies have a lot of thinking to do when it comes to finding the right location for their workforce to work from. Companies are increasingly turning towards flex offices and according to Business Wire, the global flex office space market is expected to grow from $7.97 billion in 2020 to $8.14 billion in 2021 at an annual growth rate of 2.1% before reaching $13.03 billion by 2025.

IBM Hungary is relocating its headquarters to Corvin Quarter in Budapest. The tech company will be moving into Futureal’s Corvin Innovation Campus in a phased co-location starting in 2023.

Experts participating at Portfolio's recent FM & Hybrid Office conference in Budapest discussed the present and future of the office market. The past 18 months have started a multitude of changes as WFH, the sub-leasing of office space, the change in internal configurations, the return to offices, sustainable management and changing tenant requirements have led to a substantial transformation in the lives of office market players. Experts agree that hybrid office use is currently the most likely outcome, as only a few businesses have adopted WFH full-time.

Cavatina Holding has completed work on the top floors of the Global Office Park office towers in Katowice. The office buildings will be 104 m high each and will provide over 55 thousand sq m of space. Their commissioning is planned for the second quarter of 2022, and they are already leased in about 54%.