Bischoff & Compagnons is about to start the construction of the Alphagon Office Building in the South Buda part of Budapest. The scheme is to be completed in Q2 2019.

The Bucharest office market saw a net take-up of close to 45,000 sqm in this year’s third quarter. According to data from Colliers International, the demand came mostly from IT and BPO/SSC companies, including from the new entries in the market: Amazon, GoPro and Systematic.

In Q3 2017, the stock of modern office space in Warsaw has increased by more than 76,000 sqm and thus exceeded the 5.3 million sqm threshold. By the end of the year, another 80,000 sqm may appear on the largest office market of Poland, which would mean a total of 5.4 million sqm. The key market development trends, according to the report by BNP Paribas Real Estate Poland, are the consistently improving position of the Wola district on the local office market and the growing popularity of co-working projects located in the best schemes.

Olivia Six of the Olivia Business Centre in Gdańsk now holds a BREEAM certificate on the Excellent level. This is another office building of the Olivia complex classified as compliant with the top standards and practices in the scope of sustainable design, building and exploitation. The facility scored almost 80 percentage points and thereby improved pre-certification note from 2015 by 3.5 point.

Ghelamco Poland has started the construction of its first office project in the city of Kraków. The building, called .big, will be located at the junction of Generała Bohdana Zielińskiego and Kapelanka streets. The project will offer 10,000 sqm of office and 1,500 sqm of commercial space. Completion is scheduled for mid-2017. Cushman & Wakefield is the leasing agent for .big.

The growth of the start-up culture and the high-tech sector, leading to an ever larger number of projects that require swift staff reorganisations, has sparked a boom on the Polish market of co-working space and serviced offices, as revealed by real estate advisory firm Savills in its latest report Flexible Workplaces in Poland.

Cresa, a tenant-only commercial real estate firm, has opened its second Polish office in the city of Wrocław. The new office is headed by Michał Grabikowski, who is also the Head of Tenant Representation, Office Department of Cresa Poland in Wrocław.

From Q1 to Q3 2017 companies in Poland signed lease agreements for over 1 million sqm of modern office space while nearly 548,000 sqm was delivered to market. Furthermore, 1.8 million sqm of is under construction. JLL summarised the situation on the Polish office market at the end of Q3 2017.

Real estate developer AFI Europe Romania announced the start of the leasing campaign for the AFI Park Brasov Class A office project. The company is already in advanced discussions with two potential tenants to occupy 4,000 sqm GLA in the first office tower developed in AFI Park Brasov.

Cushman & Wakefield selected Budapest as the location of their Portfolio Services Centre (PSC) solution. The new 1,300 sqm PSC is located in the Studium Office Building, close to Corvinus University and many cultural venues and sights. The team is being led by Byron Tudor who has joined from Goldman Sachs International.