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News Atenor acquires new development site in Budapest
04
Sep
2017

Atenor acquires new development site in Budapest

by Ákos Budai
Atenor has acquired 19,000 sqm of land on Hungária körút, one of the main road corridors in Budapest. The site provides an opportunity to build a campus of 4 office buildings with commercial spaces covering approximately 85,500 sqm, which will be developed in different phases. Permit application for the first building is set to be submitted by the end of the year, allowing construction to begin in 2018.
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News HB Reavis completes West Station in Warsaw
01
Sep
2017

HB Reavis completes West Station in Warsaw

by Ákos Budai
The handover of the second office building one month ahead of schedule completed the construction of the West Station scheme next to the Warszawa Zachodnia station. With an area of 38,000 sqm, the new building is one of the largest built in Warsaw this year. More companies have just shown their appreciation for its offices by leasing over 8,300 sqm of space.
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News GTC acquires Belgrade Business Center
31
Aug
2017

GTC acquires Belgrade Business Center

by Ákos Budai
The GTC Group has acquired a modern A-class office building in Belgrade, Serbia for an undisclosed sum. Belgrade Business Center offers 17,900 sqm of GLA and 307 parking places. The acquisition will increase GTC’s Serbian portfolio to 98,400 sqm GLA.
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News New Renault HQ under construction in Bucharest
30
Aug
2017

New Renault HQ under construction in Bucharest

by Ákos Budai
Bog’Art has been selected to build the new Bucharest headquarters of Renault, according to zf.ro. The new office building, to be named Renault Connected Bucharest, will comprise 47,000 sqm of office space.
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News JLL selected as leasing agent for The Warsaw HUB
29
Aug
2017

JLL selected as leasing agent for The Warsaw HUB

by Ákos Budai
JLL has been selected as the exclusive leasing agent for office and retail space located in Ghelamco's biggest investment in Poland to date, The Warsaw HUB. The complex will consist of three skyscrapers and it will offer approx. 113,000 sqm of multi-functional space.
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News Colliers appointed PM for The Landmark in Bucharest
29
Aug
2017

Colliers appointed PM for The Landmark in Bucharest

by Ákos Budai
Colliers International was assigned by Piraeus Bank to offer property management services for the office project The Landmark, in the central area of Bucharest. With this new project, the Colliers International team strengthens its position on the office property management market, and the whole managed portfolio reaches a total of over 320,000 leasable sqm.
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News Krakow office building to be recommercialised
24
Aug
2017

Krakow office building to be recommercialised

by Ákos Budai
BNP Paribas Real Estate Poland acting as the exclusive agent commenced the process of recommercialisation of the Class A office space in the Diamante Plaza building in Kraków on behalf of the building’s owner, Aldesa, a leading Spanish construction company.
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News Class B office building changes hands in Bratislava
21
Aug
2017

Class B office building changes hands in Bratislava

by Ákos Budai
JLL‘s Slovak Capital Markets team has successfully closed the sale process of the Quadro office building in Bratislava, Slovakia. JLL team acted on behalf of CEE Property Development Portfolio 2, a.s., (CPDP2) a real estate investment and asset management company, part of the Česká spořitelna Financial Group. The Quadro building was acquired by Slovakia-based property company backed by Israeli and US capital. The value of the transaction remains confidential. 
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News BNP Paribas Real Estate manages Warsaw’s Wronia 31
18
Aug
2017

BNP Paribas Real Estate manages Warsaw’s Wronia 31

by Ákos Budai
The new office and retail scheme located at Wronia 31 has as of 1 July joined the portfolio of properties managed by BNP Paribas Real Estate Poland. The property with the total leasable area of approx. 16,000 sqm is located in Wola’s heart in the direct vicinity of Plac Europejski. Ghelamco is the investor and developer responsible for the scheme.
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News Prague office market vacancy rate decreases
17
Aug
2017

Prague office market vacancy rate decreases

by Ákos Budai
High demand for new premises and steady new supply are pushing the Prague office market vacancy rate down. According to JLL’s latest report, the vacancy rate currently stands at 8.6 %, being one of the lowest levels in the history of the market.
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Latest news


New leases

  • CCC, a chain of footwear and clothing shops, has opened a two-storey shop of over 1,600 sqm in Warsaw's Promenada gallery
  • Designer Outlet Sosnowiec (southern Poland) invites customers to the newly opened Mountain Warehouse brand store. The shop has an area of approximately 400 sqm.
  • Motorola Solutions has renewed its lease at the Green Office complex in Kraków. The company, which has occupied the premises since 2011, will continue leasing 17,761 sqm of office space. The renewal will commence in August 2027 and will be valid for five years at market rent.

New appointments

  • Marcin Janik has taken up the position of head of the southern Poland region at CBRE. He will be responsible for Silesia, Małopolska and the previously serviced Wrocław.
  • GTC Group has appointed Miklos Egri as Chief Operating Officer. The new manager will be responsible for the company's day-to-day operational and administrative management in the Central and Eastern European markets.
  • Paulina Petynka has joined the team of Yareal Polska, taking on the position of Leasing Director. She has more than 20 years of professional experience.

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