Vastint Poland has signed a contract with Budimex SA for general contracting services for the initial part of the second phase of the Waterfront complex in Gdynia. The planned investment will be built on Hryniewickiego Street, in the vicinity of Kościuszko Square, and will comprise the construction of four buildings totalling ​​45,000 sqm including underground garages. The general contractor plans to start construction in May of this year, with the investment scheduled for completion in 2023.

Home office is just an effective supplement that will not replace the need for office space. Time will show that people need to meet each other and robots will replace those professions movable to a full-time home office, says Eduard Forejt, Development Director at Czech company Passerinvest Group, who talked to Property Forum about the future of office work and the company's development plans.

Globalworth has released its Annual Report and Audited Consolidated Financial Results for the year ended 31 December 2020. The company’s approach to the COVID-19 business recovery process has resulted in balanced growth, with a net operating income increased by 6.5% to €157.3 million and a total combined portfolio value that remained effectively unchanged at €3.0 billion.

In 2020, the total office stock of Poland’s nine largest cities grew by 6.2%, according to figures from Cushman & Wakefield. At the end of 2020, the development pipeline comprised 84 projects, most of which were underway in Warsaw, Krakow and Tricity. Due to the economic uncertainty caused by the outbreak of the pandemic, the market has seen a notable increase in office space marketed for subleasing.

Speakers at 2021 Property Investment Outlook 2021, an online event organised by Property Forum, have indicated unbroken market optimism. From living investments through the retail market to the office segment, participants in panel discussions expected positive changes and further growth in the CEE property market.

Portland Trust has announced a WELL Health-Safety certification for the Expo Business Park office project în Bucharest

Immofinanz has acquired the former HQ of BCR in Bucharest for €36 million, both companies announced. The property will be modernized and transformed into a green myhive building, with at least a Gold certification.

Cushman & Wakefield has been appointed as property manager and leasing agent for GreenWings Offices in Warsaw, the second office building of OKRE Development.

Colliers has taken over the management of the second office building of the Moje Miejsce complex at 3 Dziekońskiego street in Warsaw's Mokotów district. The project was developed by Echo Investment. 

Cavatina Holding SA, the largest Polish office developer, has submitted an issue prospectus to the Polish Financial Supervision Authority in connection with the planned public offering of shares (IPO) and entry to the main market of the Warsaw Stock Exchange.