ARTICLES LABELLED WITH TAG office

News Polish regional office markets on the rise
03
Feb
2017

Polish regional office markets on the rise

by Ákos Budai
In 2016, total office stock in Poland’s eight key regional cities (Krakow, Wrocław, Tricity, Katowice, Poznań, Łódź, Szczecin and Lublin) rose to nearly 4 million sqm. Krakow, Wrocław and Tricity remain the largest regional office hubs. Office take-up hit nearly 590,000 sqm, which represented a 50% rise on the average for the years 2011–2015. Cushman & Wakefield presented an overview of the Polish regional office market for 2016 in its latest report.
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News Zeus Capital Partners LP sells Sofia office building
02
Feb
2017

Zeus Capital Partners LP sells Sofia office building

by Ákos Budai
Zeus Capital Partners LP, a private equity fund managed by Zeus Capital Management has sold Kambanite Business Centre (KBC), located in Sofia, Bulgaria, to a group of undisclosed European institutional investors. This is the Fund’s largest portfolio investment, which was acquired at the end of 2011.
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News Strong competition for Prague and Bratislava
02
Feb
2017

Strong competition for Prague and Bratislava

by Ákos Budai
In most Central and Eastern European countries the commercial property market is heavily concentrated in the capital city and modern offices in secondary or tertiary cities are virtually non-existent. Luckily, that is not the case in the Czech Republic, where there are cities outside of Prague, most notably Brno, that offer attractive opportunities for international companies. Czech-based developer CTP invited us for the opening ceremony of the new Courtyard by Marriott hotel and showed us the city’s property market.
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News Savills to manage two Wroclaw properties
01
Feb
2017

Savills to manage two Wroclaw properties

by Ákos Budai
Savills has been appointed by Echo Investment to manage an 16,000 sqm office building, Nobilis Business House in Wrocław. The company has also been appointed to manage the 16-storey, mixed-use Wratislavia Tower on behalf of Cinema Tower Sp. z o.o. The 20,000 sqm property officially joined Savills portfolio in December 2016.
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News Tenants to continue to enjoy the upper hand in Warsaw
31
Jan
2017

Tenants to continue to enjoy the upper hand in Warsaw

by Ákos Budai
In 2016, office supply in Warsaw rose by 65% on the annual average for the period 2011–2015. The largest number of new office buildings was delivered in the City Core and the Fringe. Take-up came predominantly from the business services sector. Cushman & Wakefield presented an overview of the Warsaw office market in 2016 in its latest report.
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News Is it time to say goodbye to property brokers?
26
Jan
2017

Is it time to say goodbye to property brokers?

by Ákos Budai
Search engines have become an integrated part of the daily life of people and companies as well. Not only the process of buying a book or planning a vacation has changed drastically over the last decade but companies looking for office space are also turning to the Internet more often. The latest Tea & Talk session, co-organised by RICS Hungary and VLK Cresa in Budapest, helped us understand how changes in technology will affect brokers, tenants and landlords.
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News Vacancy increases on the Warsaw office market
25
Jan
2017

Vacancy increases on the Warsaw office market

by Ákos Budai
In 2016, the Warsaw office market grew by 407,000 sqm of new space in 21 projects. The vacancy rate has grown by 1.9 pp on a yearly basis to 14.2 of total stock with central locations having lower occupancy rates than non-central locations. The Polish Office Research Forum has published its data on the Warsaw office market for Q4 2016. 
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News CBRE secures property management deal in Budapest
23
Jan
2017

CBRE secures property management deal in Budapest

by Ákos Budai
The property management and (property and SPV) accounting of Váci Greens’ Building C, acquired by ZFP Investments, acting on behalf of the ZFP realitní fond, a Czech real estate fund entering the Hungarian commercial real estate market, is now performed by CBRE.
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News AEW sells Prague office building to Czech investor
23
Jan
2017

AEW sells Prague office building to Czech investor

by Ákos Budai
AEW has sold the Smíchov Gate office building in Prague 5 after almost ten years of ownership on behalf of one of the funds managed by AEW. The new owner is Redside, manager of real estate open-ended investment fund NOVA Real Estate (SICAV). Cushman & Wakefield facilitated the sale of the property.
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News Warsaw’s Sienna Center gets certified
19
Jan
2017

Warsaw’s Sienna Center gets certified

by Ákos Budai
Cushman & Wakefield has been responsible for the audit of the Sienna Center office complex and obtaining a BREEAM IN-USE International 2015 certificate for the scheme. The office complex received a “Very Good” rating in Asset Performance and an “Excellent” rating in Building Management. The scheme is owned by CA Immo.
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Latest news


New leases

  • Trane Poland Sp. z o. o., Hamelin Polska Sp. z o. o. and e-Xim IT SA are three new tenants at the Oxygen Park office complex on ul. Jutrzenki in Warsaw. All three companies began operations in the development owned by Golden Star Estate at the beginning of May this year, occupying a total of nearly 1,700 sqm of space. All of the leases are long-term.
  • K-Flex Group, the maker of elastomeric insulation, has leased 1,200 sqm in SpacePlus Chitila, owned by Speedwell. The lease deal was brokered by Esop Consulting.
  • TriGranit announced the signing of a new lease agreement with the medical centre enel-med for service space in the Signum Work Station building in Warsaw. Under the agreement, which includes both an extension of the existing lease and a more than threefold expansion of the leased area, the medical provider will occupy approximately 2,200 sqm of modern space on the ground floor of the building at ul. Domaniewska 49 in the Mokotów district. In December 2024, Signum Work Station was acquired by DRFG with the strategic support of TriGranit.

New appointments

  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.
  • Maciej Wieczorkiewicz is joining the Avison Young Technical Advisory team in Poland. Maciej is an experienced engineer with many years of experience in managing fit-out projects and investments in the commercial property sector. During his career development, he has worked for companies such as Made In Terior, TECAS Fitout and Colliers Define.
  • Tomáš Fabian has taken on the responsibility of leading the Czech commercial development team at Skanska as Executive Vice President Operations Czech Republic, while still keeping the current responsibilities as Executive Vice President Legal Counsel (CEE).

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