ARTICLES LABELLED WITH TAG office

JLL has secured €11 million to refinance the Lascar 31 Business Center Bucharest on behalf of the manager of the project, ForeVest Capital Partners. Intesa Sanpaolo Bank Romania provided the loan for the property, which comprises 9,250 square meters rentable area.

Colliers International has carried out research into retail units in the Warsaw’s office buildings. The study covered approximately 300 buildings and a survey was carried out on a sample of 200 employees. Colliers experts asked respondents about their expectations about the quality of the retail and service units in their workplace and what they have available at present.

The Polish office market closed Q1 2018 with sound demand, a drop in vacancy rates and 1.8 million sqm of office space under construction. JLL summarised the situation on the Polish office market in Q1 2018.

Belgrade’s real estate market continues to grow cautiously. Prime yields currently stand at 8.50% for offices, 8.00% for shopping centres and 9.75% for industrial assets, according to JLL’s Belgrade City Report for Q1 2018.

Globalworth Poland Real Estate has agreed on terms and is conditionally proceeding with the acquisition of Quattro Business Park in Krakow, Poland.

Futureal Group is developing its biggest office project in Budapest, next to Hungary’s largest multimodal transportation hub. Budapest ONE Business Park will expand the capital’s office market with more than 65,000 square meters of GLA. The first phase of the WELL Building Platinum pre-certified complex designed as a ribbon building will be handed over in H2 2019.

Cushman & Wakefield has been appointed an exclusive agent for the commercialisation of Fabryczna Office Park under a cooperation agreement signed with the INTER-BUD Group.

CA Immo has acquired Campus 6.1 office building in Bucharest from Skanska; the transaction volume is approx. €53 million. The closing of the transaction is subject to the conditions usual for such transactions and is expected by the end of 2018.

Madison International Real Estate Liquidity Fund VI LP has taken a 50% stake in the Warsaw Spire office tower, becoming an equal owner alongside the Ghelamco GP12 fund. The value of the tower is approx. €350 million. Warsaw Spire is the tallest office building in Central Europe and the acquisition is one of the country’s largest office real estate transactions in recent times.

The ability to analyse how a building is used and to adapt the indoor environment accordingly is a clear example of a trend that is not only here to stay but will only grow in importance. By simply monitoring occupancy, building managers and owners can reduce costs and increase lease income. At the same time, occupants can enjoy a series of features that make their lives easier and allow them to work more productively. Proptech company Spaceti, which will be featured at Prague Property Forum 2018, introduces its solutions.