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.

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.

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.

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.

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.

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. 

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.

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.

The Polish office market has seen rapid growth with Warsaw’s office stock more than doubling over the last ten years, as revealed by Cushman & Wakefield in its cyclical report Skyline Tracker, outlining modern office supply forecasts.

Savills has been appointed by Immofinanz to property manage a portfolio of four office buildings in Prague. The portfolio includes myhive Pankrác House, Jindrřišská 16, Jungmannova 15 and Airport Business Center, accommodating over 70 tenants including: OMD Czech, GrECo JLT, Customs Office Prague, CPL Jobs and others.