The planned district around Florenc and Masaryk Station has taken another step forward. Prague councillors have approved two key changes to the zoning plan and a contract on contributions from the developer on Thursday, reports E15.cz.

Dennis Selinas, CEO of Globalworth Group, talked to Property Forum about the demand trends for offices in Bucharest and the 'flight to quality' towards ESG-ready office buildings in the market.

Alfa Group has acquired the majority of the Iride Park project from CPI Romania, for an undisclosed sum.

According to Savills' global network research, almost 90% of respondents are anticipating an increase in daily office attendance requirements from companies this year. One of the main drivers of this change is Generation Z.

Although many companies have announced the return of employees to corporate office spaces and are striving to achieve full occupancy, findings from Colliers’ latest survey have shown the ideal occupancy for working environments.

Alina Necula, Country Manager Romania at Lion’s Head, talked to Property Forum about the company’s expansion in the industrial field and the secret behind the high occupancy rate of Oregon Park boosted by work space flexibility and ESG credentials.

The pharmaceutical industry has emerged as one of the most significant office occupiers in Warsaw, according to a new report from Cushman & Wakefield. With a footprint of approximately 172,000 sqm, the sector now ranks sixth in terms of total office take-up in the Polish capital, accounting for 5% of all leasing activity between 2020 and 2024.

The sale of Prague’s Palladium is entering the final stages. According to two independent sources, the first bids have been submitted lately, reports Seznamzpravy.cz. And three finalists have emerged from them. 

Erste Group Bank and its Romanian subsidiary BCR have jointly provided €21 million in refinancing for the Day Tower office building in Bucharest. The loan facility was signed with Danube Capital Partners.

Avison Young and Colliers jointly advised Octava Property Trust on the sale of the Lighthouse office building in Warsaw. The buyer is an investor with Polish capital.