ARTICLES LABELLED WITH TAG office

Romanian real estate agency Griffes has closed lease deals worth more than €95 million in 2024, with Bucharest holding 75% of the total volumes. 

IWG is opening a new coworking location under the Spaces brand in Bucharest-based Vastint Business Garden building that will focus on hybrid work demand.

Property investments in CEE have accounted for 6% of the total volume recorded across Europe, during 2024, to around €7.7 billion, according to estimates by Cushman & Wakefield.

Budex has opened the building housing the headquarters for its companies GoMobil, Roboton and Terms this autumn in Plana near České Budějovice in South Bohemia. The massing of the building combines a hybrid construction with a reinforced concrete core and CLT wooden elements.

The new development on the site of Istropolis in Bratislava on the Trnavsky Mýte by Immocap is rapidly approaching construction. The proof is not only the progress in the permitting processes, but also the confirmation of the first key tenant who will occupy one of the office buildings, reports Yimba.sk.

Investment groups SPM and SCF have become the new owners of the Prague office centre Palác Křižík. Both entities have acquired it from the previous owner, the Generali group. 

CA Immo has successfully completed the sale of the office building Saski Point in Warsaw. The sale was closed at a premium to the last reported book value. 

According to the latest report from Cushman & Wakefield, office demand across Poland’s office markets is expected to remain stable in the near future, on a par with the levels recorded in 2022-2023, with vacancy rates anticipated to edge down in both Warsaw and regional cities amid gradual market stabilisation. Office development activity is likely to remain subdued in the coming years, creating new opportunities for office stock refurbishment. Despite this, the Polish market offers some of the finest-quality office spaces in Europe. For example, Cushman & Wakefield reveals that the percentage of office stock in Warsaw at risk of becoming obsolete by 2030 is low, at 40%. By comparison, the average for seven key Western European markets (Amsterdam, Barcelona, London, Madrid, Milan, Paris and Stockholm) is nearly twice as high, at 80%.

The investment group DRFG has bought the Signum Work Station office building in Warsaw, with a leasable area of ​​over 32,500 sqm, reports E15.cz.

Kálvin Square office building, managed by ConvergenCE, has achieved a near-record 99 percent lease occupancy.