CPI Property Group announced the acquisition of the Warsaw Financial Center office building in Warsaw, Poland. CPIPG acquired WFC by purchasing 100% of shares in a company owned since 2012 by Allianz Real Estate (acting on behalf of Allianz Group companies) and Curzon Capital Partners III, an investment core-plus fund managed by Tristan Capital Partners.

Echo Investment has received a building permit to start the first two office buildings at Fuzja. Thus, the developer has begun the next stage of the revitalization of the postindustrial part of Łódź. The developer, at the site of the former Karol Scheibler factory, will construct two office buildings with completion scheduled for 2020.

Triholding Group has acquired a historical building in downtown Budapest. Alexander Court, which has an NLA of 1,000 sqm, can be transformed into a modern office building or a hotel.

CBRE advised flexible space provider Regus in the opening of its 12th centre at Sun Business Center project, located within Sun Plaza shopping centre. The decision of Regus responds to the demand for flexible spaces from companies in the northern half of the city, in order to provide an alternative for the employees living in the southern area, their share being estimated at 50% of the total staff.

S Immo Hungary closed a major deal by selling one of its Budapest office buildings. The transaction was conducted after a longer negotiation period. Twin Office Center was part of the company’s portfolio for 14 years, operating with 100% occupancy. Neither the name of the buyer nor the transaction price has been disclosed.

Skanska has acquired about 26,200 square meters of land in Bucharest, Romania, from Intero Property Development Estates SRL. The total investment amounts to €24 million.

TriGranit has laid the foundation stone of the first phase of its new Class-A office development, Silesia for Business in Katowice, Poland. The office building will be the final element of the mixed-use development project of TriGranit, started 15 years ago and realised on a 30 hectares large brownfield area. The post-mining area today includes a shopping mall and residential estates, while the new office building, providing approx. 26,000 sqm GLA and more than 400 parking spaces, is expected to be completed in Q4, 2021.

European office take-up is forecast to reach 9.2 million sqm by the end of 2019, down 4% from 2018’s end-year volume. Prague is expected to exceed that decline, with take-up predicted to fall by 22% to 400,000 sqm as demand for office space in the Czech capital continues the downward trend that began in Q2, according to the latest Savills research.

Real estate developer Hagag Development Europe continues its investments in Bucharest by adding a new office property to its local portfolio: Tudor Arghezi 21. The transaction value exceeds €9 million. 

Flow East announced the topping out of its landmark project being constructed on Wenceslas Square (Václavské náměstí) as contractor Metrostav placed the last beam atop the structure.