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.

The Iulius Company commences the construction works for the fourth office building of the total six to be included in the Openville Timişoara mixed-use development. Spanning on a 155 m height and 27 floors, United Business Center 0 (UBC 0) will be the tallest office building in Romania. The Openville project is currently under construction in the proximity of Iulius Mall Timişoara and, owing to the 130,000 sqm of office premises it will create, it hopes to become the main business hub in the west of Romania.

GTC continues its growth strategy and further expands its portfolio in Sofia. The developer and asset manager purchased Mall of Sofia, a prime shopping centre and office tower in Sofia’s Central Business District, seizing opportunity in the growing economy in Bulgaria. The property was formerly owned by Europa Capital.

So far in 2018 CBRE won the management of further 10 properties (industrial and shopping centres and an office building) in Budapest. The Budapest office now manages a 600,000 sqm portfolio in Hungary.

After the excellent results recorded in 2017, Warsaw's office market continued performing well in Q1 2018. Vacancy rates are decreasing while demand stands at 202,000 sqm. 770,000 sqm of office space is under construction. There is also a growing demand for flexible space, and state-of-the-art technological solutions. JLL summarised the situation on the Warsaw office market at the end of Q1 2018.